1919 W Colorado Ave, Colorado Springs, CO 80904

Property Description

Prime Investment Opportunity in the Heart of Old Colorado City! Unlock the potential of this versatile mixed-use property in one of Colorado Springs’ most desirable locations. Featuring a charming 3-bedroom, 2-bathroom main home, a recently remodeled rear cottage, and a detached 2-car garage with its own bathroom, this property offers multiple opportunities for income generation, business use, or owner occupancy. The flexible layout provides potential for long-term rental income, a live/work arrangement, or a combination of residential and business uses. The rear cottage offers additional flexibility for rental income, guest accommodations, or a private workspace, while the detached garage presents potential for a workshop, studio, etc. Parking is a rare advantage in this highly walkable area, with an extra-long driveway, additional dedicated parking space, and a spacious 2-car garage—ideal for tenants, guests, clients, or business operations. Located within walking distance of Old Colorado City’s popular shops, restaurants, and attractions, and just minutes from Manitou Springs, scenic hiking trails, and outdoor recreation, this property combines a sought-after location with exceptional versatility. Whether you're an investor seeking multiple income opportunities, an entrepreneur looking for a live/work property, or an owner-occupant wanting additional income potential, this is a unique opportunity to capitalize on location, flexibility, and long-term value.