1304 E Pikes Peak Avenue
Property Description
Rare turnkey duplex on a 13,300 sq ft corner lot directly across from Memorial Park - one of Colorado Springs' most iconic and high-demand rental locations. This income-producing property features two 2-bed, 1-bath units, each with its own 1-car detached garage, offering immediate cash flow with one side leased and the vacant side ready to lease or owner-occupy. The vacant unit features LVP flooring throughout, an updated kitchen with dishwasher, a great front patio overlooking the park, and stunning Pikes Peak and Front Range views. This duplex has been extensively updated, saving the next owner significant repairs. Recent improvements include a newly installed concrete backyard to prevent water drainage issues, buried electrical lines, new garage doors and openers on both units (detached garage, one space per unit), new water lines throughout, a newer sewer line, single-pane windows replaced with double-pane, a newer roof and gutters, new LVP flooring on one side in 2026, a new fridge and furnace in unit 1308, and a new fence on the east side. The corner lot offers privacy and great curb appeal. Neither unit has washer/dryer hook ups. Located directly across from Memorial Park, residents enjoy front-row views of the Labor Day Lift Off, concerts, trails, and community events - a proven rental demand driver. Walking distance to downtown, Colorado College, coffee shops, and restaurants, with easy access to I-25 and Hwy 24. Ideal for portfolio builders, or value-add investors seeking turnkey income with major improvements already handled. Duplexes in this location rarely hit the market - schedule your showing today!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $449,900 |
| Year Built: | 1951 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-PPARCO-7143611
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