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Corri Mehan

corri.mehan@lptrealty.com +1(970) 691-0294

$ 1,195,000

Est. payment | -/mo

7 Beds

5 Baths

3,344 SqFt

Save

$ 1,195,000

Est. payment | -/mo

Save

7 Beds

5 Baths

3,344 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,344 sqft

Subdivision Crystal Park

MLS Listing ID IRE5865099

Style Contemporary

Bedrooms 7

HOA Y/N No

Year Built 1957

Annual Tax Amount $4,400

Tax Year 2025

Source ires

Property Description

**Rare opportunity to own a completely remodeled, turnkey four-plex in the heart of Manitou Springs** Cash flow from day one! This one-of-a-kind, boutique property offers FOUR fully remodeled residences PLUS a detached art studio! Each residence features a high-quality interior remodel with updated kitchens and bathrooms, new appliances, flooring, paint, lighting, and stylish finishes throughout. Situated on a beautiful almost half-acre lot with tons of parking and room for an RV! Major capital improvements are already complete, including a newer roof, custom gutters, concrete work, exterior paint, new doors and windows, refurbished furnaces, electrical and plumbing work, plus two brand-new 50-gallon water heaters. This is a highly sought-after, supply-constrained market, making it a great addition to an investment portfolio, 1031 exchange property, or for an owner-occupant who wants to live in one while collecting rent from the other three.*House Hack* Park an RV on the back of the land and collect the rents from all 4 units! Manitou Springs is a highly sought-after tourist destination with a prominent arts scene, creative character, active lifestyle, and year-round events! Located within walking distance of restaurants, the Cantina, art galleries, shopping, community events, and hiking trails. Views of the Manitou Incline, Garden of the Gods, and Pikes Peak. Great opportunity to own a one-of-a-kind, income-producing property in Manitou Springs! Also a possible short-term rental opportunity, with potential expansion of the art studio into a fifth unit. Please check with the city/county for more information.

Location

State CO

County El Paso

Community Crystal Park

Area Out Of Area

Direction Highway 24 West to Manitou Ave. Left on Crystal Park Rd. Property is on the left.

Rooms

Basement Crawl Space

Interior

Interior Features Open Floorplan, Walk-In Closet(s)

Heating Forced Air, Baseboard, Ductless

Cooling Ceiling Fan(s)

Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm

Exterior

Parking Features Off Street

Garage Spaces 8.0

Community Features Community Laundry

Utilities Available Separate Meter Electricity, Separate Meter Gas

View Y/N Yes

View Mountain(s)

Roof Type Composition

Porch Patio

Garage Yes

Building

Lot Description Cul-De-Sac, Deciduous Trees, Outbuildings, Historic District, Gutters

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories One

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools Manitou Springs

Middle Schools Manitou Springs

High Schools Manitou Springs District 14

School District Manitou Springs District 14

Others

Acceptable Financing Cash, Conventional, FHA, VA, 1031 Exchange

Listing Terms Cash, Conventional, FHA, VA, 1031 Exchange

Information and Real Estate Services (IRES)

Listed by Sarah St. James

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(970) 691-0294

corri.mehan@lptrealty.com

111 Crystal Park Manitou Springs, CO 80829