411 Olive, Colorado Springs, CO 80904
Local realty services provided by:ERA New Age
411 Olive,Colorado Springs, CO 80904
$629,000
- 4 Beds
- 1 Baths
- 1,521 sq. ft.
- Single family
- Active
Listed by: noah walz, jean-michel drai
Office: mont haus international realty
MLS#:1712550
Source:ML
Price summary
- Price:$629,000
- Price per sq. ft.:$413.54
About this home
An exceptional opportunity for investors, house hackers, first-time buyers, or anyone looking for a home that can help offset the cost of ownership! Located in Colorado Springs' desirable Westside, this unique property is currently operating as a short-term and mid-term rental and is configured as two separate living spaces. The main level features 2 bedrooms, a full bathroom, comfortable living space, updated kitchen with stone countertops, laundry, and access to the covered deck and backyard. Downstairs, the fully finished walkout basement offers 2 additional bedrooms, a 3/4 bathroom, second kitchen, living room, laundry, and separate exterior access—creating excellent flexibility for guests, extended family, or continued rental use. For buyers looking to get into homeownership, the layout creates a compelling option to live in one portion of the home while renting the other to generate additional income and potentially offset monthly housing expenses. Investors can continue utilizing both spaces as income-producing rentals, offering multiple ways to make the property work for your goals. Just minutes from historic Old Colorado City and Downtown Colorado Springs, enjoy convenient access to restaurants, local shops, breweries, galleries, entertainment, and year-round events. Garden of the Gods, Red Rock Canyon Open Space, Manitou Springs, Colorado College, and abundant outdoor recreation are also within easy reach. Both units are currently being utilized as rentals, with stays commonly extending approximately one month at a time. A professional STR competitive analysis is available for buyers interested in exploring the property's income potential. The seller is also open to including furnishings depending on the offer. This Westside home offers a rare combination of versatility, location, and existing rental use....
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Home facts
- Year built:1948
- Subdivision & Development:West Colorado Springs
- Listing ID #:1712550
Rooms and interior
- Bedrooms:4
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Laminate, Vinyl
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
- Basement Description:Full, Walk-Out Access
- Living area:1,521 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1948
- Building area:1,521 sq. ft.
- Lot Features:Corner, Level, Many Trees
- Construction Materials:Frame, Stucco
- Exterior Features:Covered, Deck, Fire Pit, Front Porch, Gas Grill, Private Yard, Rain Gutters
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Coronado
- Middle school:West
- Elementary school:West
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$629,000
- Price per sq. ft.:$413.54
- Tax amount:$1,400
Features and amenities
- Laundry features:Dryer, In Unit, Laundry Closet, Washer
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