421 S Prospect Street, Colorado Springs, CO 80903

$550,000 Asking Price

3 beds
2 baths
1,553  sqft
Built in 1910

*Charming Fully Renovated Downtown Home with R2 Zoning and Income Potential!* Welcome to your dream home in the vibrant heart of Colorado Springs! This beautifully renovated residence, situated on a generous double lot, features highly desirable R2 zoning that creates a fantastic investment opportunity for savvy buyers. As you step inside, you'll be greeted by a bright and open layout that immediately makes you feel at home. The stunning kitchen showcases stainless steel appliances, quartz countertops, and ample cabinetry with serving buffet makes it a perfect space for entertaining. The main floor houses a spacious living area that is infused with natural light, and a convenient dining space that flows seamlessly into the kitchen. Venturing downstairs, you'll discover a fully finished basement that offers a private entrance, providing independence and privacy for guests or tenants alike. This versatile basement includes a fully equipped accessory dwelling unit (ADU) featuring its own inviting living area, a full kitchen, a cozy bedroom and bath, and a modern bathroom—making it ideal for generating rental income or providing comfortable accommodations for visiting friends and family. KEY FEATURES: *Double Lot* Enjoy an expansive outdoor area that presents endless possibilities for gardening, entertaining, or future development projects. *R2 Zoning* Take advantage of the versatile zoning that enhances the property's potential, opening doors for various residential and investment opportunities. *Prime Location* Immerse yourself in the vibrant downtown Colorado Springs lifestyle, with an array of nearby shopping, dining, cultural attractions, and beautiful parks just moments away. This property is the perfect blend of a charming home and a lucrative investment opportunity, making it a rarity in today’s market. Don’t miss out on this exceptional chance to become part of the Colorado Springs community. explore all that this remarkable property has to offer!

Features & Amenities

Interior

Appliances:
Dishwasher,Dryer,Microwave Oven,Range,Refrigerator,Washer
Flooring:
Wood Laminate
A/C:
Ceiling Fan(s)
Heating:
Forced Air
Fireplace:
None

Exterior

Style:
Ranch
Other Structures:
Storage Shed

Construction

Roofing:
Composite Shingle
General:
Stucco, Ranch, Full Basement

Location

HOA Amenities:
0.0, Not Applicable
School District:
Colorado Springs 11
County:
El Paso

Lot

Driveway:
Gravel
Landscaping:
All
Fencing:
All

Utilities

Utilities:
Electricity Connected
Water:
Assoc/Distr

This listing courtesy of:
Keller Williams Premier Realty, Jeffrey Johnson

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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