2 Beds
2 Baths
943 SqFt
2 Beds
2 Baths
943 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 943 sqft
Subdivision Owen Love And Quinbys
MLS Listing ID IRE1797243
Bedrooms 2
Three Quarter Bath 2
HOA Y/N No
Year Built 1901
Annual Tax Amount $1,005
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Single Family Residence
Source ires
Property Description
Located in the heart of Old Colorado City, 2904 W Platte Ave presents a prime value-add opportunity for investors, builders, or contractors looking for their next project. This classic bungalow has already undergone significant demo work, including removal of heavy plaster walls/ceilings and two deteriorating brick chimneys-saving time and upfront labor.
The property comes with city-approved plans for a 2 bed / 1 bath layout, along with an alternative 2 bed / 2 bath configuration mock-up, giving flexibility to maximize resale value. A contractor quote is available for the 2/2 build, providing clear insight into project scope and budgeting.
With an estimated purchase price around $220K and projected renovation costs near $100K, the opportunity presents a potential $80K+ equity spread for the right buyer executing efficiently.
Highlights:
Old Colorado City location with strong resale demand
Major demo already completed
Approved plans + additional layout option included
Contractor bid available for reference
Significant upside for experienced builder/investor
Important Notes:
Property is in mid-construction condition. Use caution when touring due to debris and exposed materials.
Location
State CO
County El Paso
Community Owen Love And Quinbys
Area Out Of Area
Zoning R-4
Rooms
Family Room 1
Basement Partial
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.0
View Y/N No
Roof Type Fiberglass
Garage Yes
Building
Sewer Public Sewer
Level or Stories One
Structure Type Frame
New Construction false
Schools
Elementary Schools West
Middle Schools West
High Schools Colorado Springs 11
School District Colorado Springs 11
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Private Owner
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