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29
Photos
506 W Cheyenne Road, Colorado Springs, CO 80906
$950,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
2,379
sqft
Built in
1954
Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a single-family home with a 4-plex and a second detached 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced back yard and large front yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units, a detached two-car garage and a large open space. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
Features & Amenities
Interior
- Appliances:
- Range,Refrigerator
- Laundry:
- None
- A/C:
- None,See Prop Desc Remarks
- Heating:
- Forced Air,Natural Gas
- Fireplace:
- One,Wood Burning
Exterior
- Style:
- Ranch
- Other Structures:
- Other,See Prop Desc Remarks
Construction
- Roofing:
- Other
- General:
- Masonite Type,Stucco,Wood, Ranch, Full Basement
Location
- HOA Amenities:
- 0.0, Not Applicable
- School District:
- Cheyenne Mtn-12
- County:
- El Paso
Lot
- Driveway:
- Gravel
- Fencing:
- Rear,See Prop Desc Remarks
Utilities
- Utilities:
- Cable Available,Electricity Connected,Natural Gas Connected,Telephone
- Water:
- Municipal
This listing courtesy of:
The Rawhide Company, Douglas Barber C2EX CRB EPRO GRI REDS
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Colorado Springs, CO
Housing
- Number of Units
- 261,010
- Median Home Value
- $320,371
- Median Rent
- $1,128
38.15% of housing units are renter occupied.
4.79% are vacant.
Commute
- Car
-
65.07%
- Public Transportation
-
0.55%
- Walk to Work
-
1.30%
- Work from Home
-
32.17%
- Other
-
0.52%
The median travel time to work is 17 minutes.
People
- Population
- 618,741
- Median Age
- 35.20
- Median Household Size
- 2.77
Education
- High School
-
20.31%
- Associate’s Degree
-
11.24%
- Bachelor’s Degree
-
24.43%
- Graduate Degree
-
15.25%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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