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506 W Cheyenne Road, Colorado Springs, CO 80906

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For Sale

$1,200,000

0.5 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.5 acres
    Lot size

  • Over 50 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
MLS# 6889547

Courtesy Of The Rawhide Co, REALTORS

(719) 598-3198

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Masonite, Stucco, Wood
  • Fireplace
    Fireplace
  • Heating Fuel
    Natural Gas
  • Heating System
    Fireplace, Forced Air
  • Lot Size
    0.5 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to 506 W Cheyenne Road, Colorado Springs, CO 80906

Home seller CENTURY 21 Altitude Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Altitude Real Estate

(720) 221-1700
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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