$705,000
$730,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
311 Farragut AVE Colorado Springs, CO 80909
8,250 Sqft Lot
Key Details
Sold Price $705,000
Property Type Multi-Family
Sub Type House W/Cottage
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2332705
Sold Date 07/10/24
HOA Y/N No
Year Built 1952
Annual Tax Amount $1,265
Tax Year 2022
Lot Size 8,250 Sqft
Property Description
Welcome to your dream property located in the heart of Colorado Springs. This house and cottage/ADU offers the perfect blend of contemporary living and investment potential. Whether you're seeking a charming home with supplementary income or a savvy investment opportunity, this property caters to your needs. The main house features a spacious 4 bedrooms and 2 bathrooms provide ample space for comfortable living. Enjoy modern conveniences with central air and heating, ensuring year-round comfort. The main house boasts a beautifully landscaped private yard, perfect for outdoor gatherings and relaxation. Currently leased on a one-year agreement, providing immediate rental income for investors.
The Cottage/ADU is a separate 2-bedroom, 1-bathroom house, fully furnished for your convenience. Ideal for multi-generational living, accommodating guests, or generating additional rental income. Zoned R2, offering flexibility for both short-term and long-term rental options. The ADU is currently set up for short-term rental, maximizing income potential for investors. Built in 2022, the cottage showcases modern finishes and thoughtful design throughout and guests of the short term rental absolutely love it!
Situated just moments away from downtown, enjoy easy access to dining, shopping, and entertainment. Close proximity to Memorial Hospital and the Olympic Training Center makes it an ideal location for traveling professionals, and olympic athletes seeking temporary accommodation.
Whether you envision yourself living in the cottage while leasing the main house, or maximizing rental income by renting out both properties, this versatile offering presents endless possibilities. Don't miss out on this rare opportunity to own a piece of Colorado Springs thriving real estate market. Schedule your viewing today!
Location
State CO
County El Paso
Area East End Addition
Interior
Cooling Central Air
Laundry Electric Hook-up
Exterior
Garage Spaces 4.0
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Composite Shingle
Building
Foundation Full Basement
Water Municipal
Structure Type Framed on Lot
Schools
School District Colorado Springs 11
Others
Special Listing Condition See Show/Agent Remarks
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