3006 N Institute Colorado Springs, CO 80907
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Subdivision Venetian Village
MLS Listing ID IRE2124802
Bedrooms 8
HOA Y/N No
Year Built 1954
Annual Tax Amount $1,525
Tax Year 2025
Source ires
Property Description
The property benefits from its location in Colorado Springs, one of Colorado's largest and most dynamic metropolitan areas. Residents enjoy convenient access to major employment centers, retail, dining, recreation, educational institutions, and regional transportation corridors. The surrounding area provides an established residential environment with access to the broader amenities and economic drivers such as Roadhouse Cinemas, Vasa Fitness etc that continue to support demand for rental housing throughout the Colorado Springs market.
For investors, 3006 & 3014 North Institute Street offers an opportunity to acquire a compact multifamily asset with four individual income-producing units and potential for future value enhancement. The property is also an excellent fit for an owner-occupant, with one unit currently vacant and ready for immediate move-in. Live in one unit while generating rental income from the remaining units, providing an attractive opportunity to offset housing costs while building long-term equity. The combination of existing cash-flow potential, owner-occupant flexibility, and opportunities to enhance long-term income and value makes this asset well suited for both investors and buyers looking to house hack in Colorado Springs.
Location
State CO
County El Paso
Community Venetian Village
Area Out Of Area
Zoning R-5
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Appliance Refrigerator, Freezer
Exterior
Parking Features Off Street
Garage Spaces 4.0
View Y/N No
Roof Type Composition
Porch Patio
Garage Yes
Building
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Frame
New Construction false
Schools
Elementary Schools Edison
Middle Schools Mann
High Schools Colorado Springs 11
School District Colorado Springs 11
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Private Owner
NEARBY SCHOOL & BUSINESS
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Angela Knight
REALTOR® | CRS | MRP | ABR® | CMAS | SRS | LHC License ID: CO: EA1313250 | PA: RS369282