735 E Vermijo Avenue, Colorado Springs, CO, 80903

Image Count: 35

$435,000

  • Highlights
  • Income
  • Duplex
  • 735 E Vermijo Avenue, Colorado Springs, CO, 80903 listed by Shumila Anderson-Hodge
  • Active
  • MLS#: 5614138
  • View on Map
Space maker

Property Description

Turnkey duplex in a prime downtown Colorado Springs location with strong rental history. This fully occupied, income-producing property offers an excellent opportunity for both investors and owner-occupants. Each unit features 3 bedrooms and 2 bathrooms with functional layouts and comfortable living spaces. Well-maintained throughout, each unit includes a gas fireplace, vinyl windows, and durable, low-maintenance finishes that appeal to long-term tenants. Mechanical updates include a furnace and water heater installed in 2020, and the exterior and decks were painted in 2024. The property offers a spacious front yard, alley access with off-street parking, and a rear yard storage shed for additional utility. Its central location provides convenient access to downtown Colorado Springs, Prospect Lake, I-25, shopping, dining, and entertainment. Both tenants are currently on month-to-month leases, offering flexibility for an owner-occupant or an investor looking to adjust rents and maximize future income potential. A well-positioned asset with consistent rental demand and long-term upside in a growing market.

Property Listed By

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  • Shumila Anderson-Hodge
  • 5240-066-917  Call the Agent 
Picture of Office Listing Property
  • Progressive Property Group LLC
  • 7467-934-917  Call the Agent 
I’m a Colorado real estate broker and property manager with a strong focus on residential and investor-owned properties. I work closely with clients ranging from first-time buyers to seasoned investors, helping them make informed, strategic decisions with confidence. With hands-on experience in property management, leasing, and day-to-day operations, I bring a practical, results-driven approach to every transaction. I understand not just how to buy and sell real estate—but how to manage and m...

Property Details

    General Features

  • Property Type: Duplex
  • Year Built: 1998
  • County: El Paso
  • School District: Colorado Springs 11
  • List Price: $435,000

    Unit Information

    Beds Baths Parking Rent SqFt
    3 2 $1,700 1,044
    3 2 $1,565 1,044
  • Total Units: 2
  • Total Rent: $3,265
  • Other Rentable Space: Tuff shed located in the rear yard near Unit 737 (alley access).

    Structure

  • Foundation: Crawl Space
  • Structure: UBC/IBC/IRC Standard Modular, Frame
  • Construction Status: Existing
  • Siding: Masonite Type
  • Window Type: Vinyl
  • Alley: Gravel

    Features

  • Heating: Forced Air, Natural Gas
  • Laundry: Electric Hook-up
  • Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator

    Taxes, Utilities, Lot

  • Tax: $1,566
  • Lot Size: 0.22 Acres, 9,511 SqFt
  • Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
  • Fireplace: Gas, Two
  • Laundry: Electric Hook-up
  • Heating: Forced Air, Natural Gas
  • Existing Water: Municipal
  • Existing Utilities: Cable Available, Electricity Connected, Natural Gas Connected

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          735 E Vermijo Avenue, Colorado Springs, CO, 80903

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          Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.