716 W Madison ST Colorado Springs, CO 80907
UPDATED:
Key Details
Sold Price $231,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,203 sqft
Price per Sqft $192
Subdivision Roswell City
MLS Listing ID 9352580
Sold Date 05/12/25
Style Bungalow
Bedrooms 2
HOA Y/N No
Abv Grd Liv Area 1,203
Year Built 1939
Annual Tax Amount $1,084
Tax Year 2024
Lot Size 8,000 Sqft
Acres 0.18
Property Sub-Type Duplex
Source recolorado
Property Description
Investor Special in Prime West Side Location!
First time on the market in over 40 years! This west side duplex is brimming with potential but will require a serious renovation to shine again. Each side features 1 bedroom, 1 bathroom, and a private yard, with a detached 2-car garage—one side functional and the other used as storage or a workshop.
Situated on a large lot with easy access to I-25, downtown Colorado Springs, and west side shops and dining, the location can't be beat. Most windows have been replaced with dual-pane vinyl, and there's a new water heater in the vacant unit. This is not a project for the faint of heart or novice DIYer. It needs significant work to bring it back to life.
Whether you're looking for a fix-and-flip, a buy-and-hold investment, or a lot to scrape and rebuild in a desirable west side neighborhood, this property is priced accordingly and sold strictly AS-IS. Current tenants may like to stay or lease states they will vacate within 60 days of closing. Bring your vision, your contractor, and your grit—opportunities like this are rare!
Location
State CO
County El Paso
Zoning R2
Interior
Heating Wall Furnace, Wood Stove
Cooling None
Flooring Linoleum
Fireplaces Type Wood Burning Stove
Fireplace N
Appliance Gas Water Heater, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard
Parking Features Unpaved
Garage Spaces 2.0
Fence Full, Partial
Utilities Available Electricity Connected, Natural Gas Connected
View City
Roof Type Metal
Total Parking Spaces 2
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Steele
Middle Schools North
High Schools Coronado
School District Colorado Springs 11
Others
Senior Community No
Ownership Estate
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT