Share this with your friends
+17209495525
You 1st Realty
411 Olive St, Colorado Springs, CO 80904
- $629,000
- 4
- BD
- 1
- BA
- 1,521
- SqFt
Listing courtesy of Noah Walz.
Noah@thelocalegroup.co,913-300-1762
- List Price
- $629,000
- Status
- ACTIVE
- MLS#
- 2193222
- Subtype
- Residential Income
- Year Built
- 1948
- Bedrooms
- 4
- Bathrooms
- 1
- Living Area
- 1,521
- Acres
- 0.12
- Subdivision
- West Colorado Springs
- MLS Area Major
- Out of Area
Property Description
An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access-creating excellent flexibility for guests, extended family, or continued rental use. For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals. Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach. Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use.
Additional Information
- Interior Features
- Eat-In Kitchen, Open Floor Plan, Walk-In Closet(s)
- Taxes
- $1,400
- Zoning
- R-2
- Appliances
- Dishwasher, Washer, Dryer, Microwave, Gas BBQ
- Heating
- Forced Air
- Air Conditioning
- Ceiling Fan(s)
- Levels
- One
- Roof
- Composition
- Parking Features
- Off Street
- Garage Spaces
- 4
- School District
- Colorado Springs 11
- Elementary School
- West
- Middle School
- West
- High School
- Coronado
- View
- Mountain(s), City
Mortgage Calculator
Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.