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Angela Geiger

whiterabbit4234@gmail.com +1(303) 974-8960

$895,000

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1662804

HOA Y/N No

Year Built 1895

Property Sub-Type Multi Family

Property Description

1224 North Weber Street is a seven-unit multifamily investment opportunity located in the highly desirable downtown corridor of Colorado Springs. The property consists of a two-story, low-rise apartment building situated blocks from Colorado College, with premier walkability, and both surface and rare garage parking for tenants. Originally constructed in 1895 as a historic residential home, the asset offers classic architectural character and vintage charm that is difficult to replicate in today's market. This Downtown Victorian asset presents investors with the opportunity to capitalize on continued rental demand within one of Colorado Springs' most established neighborhoods.

Positioned just north of Downtown Colorado Springs, the property benefits from close proximity to major employment, retail, dining, and entertainment destinations throughout the urban core. Residents enjoy convenient access to downtown restaurants, coffee shops, nightlife, and cultural attractions, along with nearby recreational amenities including Monument Valley Park, Shooks Run Trail, and Patty Jewett Golf Course. The location also provides quick connectivity to Interstate 25, Colorado College, the Olympic & Paralympic Training Center, and several military installations that support the region's strong renter base.

Investment Highlights:
-Immediate Rental Premiums: The property features flexible month-to-month leases with the opportunity to capture immediate rental premiums of $150-$250+ as leases turn.
-Well maintained legacy asset with long-term attentive owners
-Rare opportunity to acquire a Downtown asset with off street parking and 4 garages

Location

State CO

County El Paso

Zoning R-4

Exterior

Parking Features Carport

Carport Spaces 4

Waterfront Description Public

Roof Type Composition

Private Pool No

Building

Sewer Community

Water Public

Others

Tax ID 64071-08-007

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Listed byCushman & Wakefield

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 974-8960

whiterabbit4234@gmail.com

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1224 N Weber ST Colorado Springs, CO 80903