Duplex in Colorado Springs for Sale- Investor special

[Joseph Graeve]

I have a gutted duplex structure on 6875 sqft lot in the heart of Old Colorado City. Great Location! You need to see this lot to know the extent of work that needs to be done. It has been fully gutted including the siding. It has been temporarily fenced off due to safety 

concerns. I have Engineering plans already drawn up by a licensed engineer in town. It needs about $300k-350k in renovation cost to get it fully renovated. I am selling it for $195,000 or best offer.
In the past it has been used as a four-plex and it is shown as a four-plex on the county assessor site. It couldn't be licensed as a four-plex because its only zoned R-2 but there is a floorplan made that shows the space being made into a four-plex with 2 bed 1 bath each. Rent for each 2 bedroom 1 bath unit could be 1000/month so 4000/month gross
Serious investor only inquire.

address is 1326 w kiowa st