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$ 530,000
Est. payment /mo
New
716-718 W Madison ST Colorado Springs, CO 80907
8,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6643556
Construction Status Existing
HOA Y/N No
Year Built 1939
Annual Tax Amount $1,084
Tax Year 2024
Lot Size 8,000 Sqft
Property Sub-Type Duplex
Property Description
This fully remodeled duplex offers an exceptional investment opportunity in one of Colorado Springs' most desirable and centrally located neighborhoods. Each Unit features a spacious Two bedroom, one bath floor plan and was completely renovated just moths ago with modern, high end finishes throughout. Improvements include new luxury vinyl plank flooring, fresh interior paint, beautifully tiled bathrooms, updated cabinetry, granite countertops, and stainless steel appliances, creating a clean and contemporary living experience that appeals to today's renters. A durable metal roof adds long term value and reduces future maintenance concerns, while a detached two-car garage (currently not included in the existing leases) provides additional upside potential. Ideally positioned near downtown Colorado Springs, residents enjoy close proximity to Memorial Park, the US Olympic and Paralympic Museum, the Colorado Springs Fine Arts Center, vibrant dining and nightlife, scenic trails, and easy access to major thoroughfares leading toward Pikes Peak and surrounding outdoor recreation. This turn key property combines modern upgrades, strong rental appeal, and an outstanding location, making it a compelling addition to any real estate portfolio.
Location
State CO
County El Paso
Area Roswell City
Interior
Cooling None
Laundry Electric Hook-up
Exterior
Utilities Available See Prop Desc Remarks
Roof Type Metal
Building
Water Municipal
Structure Type Framed on Lot,Frame
Construction Status Existing
Schools
School District Colorado Springs 11
Others
Special Listing Condition Not Applicable
Unit 2
Beds 2
Baths 1
Rent Price 1775
Occupied Y
Furnished N
Unit 1
Beds 2
Baths 1
Rent Price 1600
Occupied Y
Furnished N
Listed by Buy Smart Colorado
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