519 N Chestnut Street, Colorado Springs, CO, 80905

Main House

Unit B

Unit B interior

Unit B, skylights with built in winter covering on roof

Kitchenette with double burner cooktop, stackable w/d

Eating area and mini-split

King Bed

Unit B bathroom and water heater

Unit B

Main House

Main House kitchen with buit in shelving, oven and microwave

Main House

Multi-tiered stamped concrete patio with privacy fence between units

Large stamped concrete patio and spa

Main House parking spot

Main House deck and yard

Main House

Lot

Partially enclosed carport with corbels

Original stone stairs

Unit B Parking space

Lot

Gravel driveway

Driveway entrance from alley

Unit B fenced in private patio and yard

Unit B

Image Count: 39

$439,000

Highlights
Income
Duplex
519 N Chestnut Street, Colorado Springs, CO, 80905 listed by Kristin Smith
Active
MLS#: 4900927
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Space maker

Property Description

Turn-key, fully furnished West Side home with great investment potential next to Old Colorado City area! Boasting a strong history of rental income, this versatile property offers a prime opportunity to live in one home and rent the other. The main home features a nice balance of unique original character and modern comforts. Log pillars, exposed beams, and a custom hand-carved rollout counter and cabinet give the space its distinctive charm. The interior has a well-appointed queen bedroom, a full bath, and a full kitchen that flows into a breakfast bar area and comfortable living space. Designed to maximize natural light, the home features expansive windows and a skylight that invite a steady cross breeze. Outdoor living is equally effortless, offering a private patio and turf yard equipped with a propane grill and seating. Just across the large concrete patio sits Unit B, a fully equipped 550-square-foot house. This private secondary living space features a plush King bed, a full bathroom, a convenient kitchenette, a stackable washer/dryer, and a mini-split system for personalized heating and cooling. Skylights with built-in covers on the roof give seasonal flexibility. Outside, a small fence encloses its private, walk-out stamped concrete patio, creating a beautifully secluded retreat. The expansive 9,000 SF lot features alley access, mature trees and incredible investment flexibility. The R-2 zoning and lot layout provide multiple configurations for short-term rentals, long-term leasing, multi-generational living, space to build more or a combination. Property manager and host team is open to continuing management if needed. Final property enhancements are currently being completed, including fresh exterior paint and deck refinishing to ensure it is completely turn-key. Absolute prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, Cheyenne Canyon, I-25, and Highway 24.

Property Listed By

Kristin Smith
2080-997-917
226501898

Fathom Realty Colorado LLC
0406-554-888
00003536

Hello, my name is Kristin. I have lived in the beautiful state of Colorado for the majority of my life. I am a proud mother of two amazing boys. With a strong passion to help people and the love of the opportunity to grow, I decided to begin a career in Real Estate in 2007. My personal goal is to impact people in a manner that leaves them better than before we met. I look forward to helping people through every step of the home buying/selling process, watching their confidence grow and goals exc...

Property Details

General Features

Property Type: Duplex
Year Built: 1942
County: El Paso
School District: Colorado Springs 11
List Price: $439,000

Unit Information

Beds	Baths	Parking	Rent	SqFt
1	1		$2,000	636
1	1		$2,100	550

Total Units: 2

Structure

Structure: Log, Frame
Construction Status: Existing
Siding: Wood
Alley: Gravel

Features

Heating: Electric, Natural Gas
Laundry: Electric Hook-up
Appliances: 220v in Kitchen, Cook Top, Dishwasher, Dryer, Microwave Oven, Oven, Refrigerator, Washer

Taxes, Utilities, Lot

Tax: $1,119
Lot Size: 0.21 Acres, 8,999 SqFt
Appliances: 220v in Kitchen, Cook Top, Dishwasher, Dryer, Microwave Oven, Oven, Refrigerator, Washer
Laundry: Electric Hook-up
Heating: Electric, Natural Gas
Existing Water: Municipal
Existing Utilities: Cable Available, Electricity Connected

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