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$624,900
Est. payment /mo
9,500 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7590974
HOA Y/N No
Annual Tax Amount $3,155
Tax Year 2024
Lot Size 9,500 Sqft
Property Description
Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. Investment opportunities like this rarely make it to the open market. Make this one yours today!
Location
State CO
County El Paso
Area Hillside
Exterior
Complex Features See Prop Desc Remarks
Building
Lot Description City View, Corner, Level, Mountain View, View of Pikes Peak, See Prop Desc Remarks
Water See Prop Desc Rem
Schools
School District Colorado Springs 11
Others
Special Listing Condition See Show/Agent Remarks
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Listed by RE/MAX Real Estate Group LLC
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Kendall Roth-Sukach
Broker Associate | License ID: 100085865
Broker Associate License ID: 100085865