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1607 W Pikes Peak Ave
Colorado Springs, CO 80904
Specialty Property For Sale
·
4,281 SF
Executive Summary
This stunning property offers a rare opportunity to own a truly unique home while generating immediate income or accommodating multi-generational living. Ideally located in highly desirable Old Colorado City, the residence seamlessly blends historic charm with modern convenience. The original 1899 home showcases timeless character and craftsmanship, thoughtfully enhanced by a beautiful 2020 addition. At the heart of the home is a spacious, well-appointed kitchen featuring a gas range, farmhouse sink, and walk-in pantry. A bar seating area with a dedicated coffee station and breakfast bar overlooks the kitchen, creating the perfect gathering space. The expansive living room is warm and inviting, highlighted by a gas fireplace and large picture windows that fill the space with natural light. Up the first staircase, you’ll find three generously sized bedrooms; two with original hardwood floors and one with a walk-in closet, along with a stylish ¾ bathroom featuring a glass-enclosed shower and additional storage. The second staircase leads to a private primary suite retreat. This luxurious space includes a versatile flex area ideal for a sitting room, office, or fitness space. Beyond charming barn doors, the bedroom accommodates a king-size layout with an additional sitting area, a spacious 6x12 walk-in closet, and a chic five-piece ensuite complete with a freestanding soaking tub, tile shower, and a mounted TV for ultimate relaxation. The newly renovated basement has it's own entrance to function as a rental unit; complete with a kitchenette, full bathroom, laundry, a comfortable bedroom, and it's own deck. Outside, the private yard leads to a fully redesigned cottage offering exceptional income potential. The main level studio is ideal for short-term rentals, while the upper-level one-bedroom apartment is perfectly suited for mid-term tenants. With proven rental history and endless possibilities, this property is a rare and versatile investment and stunning home.
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.17 AC |
| Cap Rate | 3.66% | Building Size | 4,281 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Residential Income | Year Built/Renovated | 1899/2020 |
| Building Class | B | Parking Ratio | 1.17/1,000 SF |
| Zoning | R-2 | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 3.66% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 4,281 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1899/2020 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R-2 |
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 74123-32-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $95,922 CAD |
Property Taxes
Parcel Number
74123-32-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$95,922 CAD
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