735 E Vermijo Avenue, Colorado Springs, CO, 80903

Other

Carpeted bedroom with vaulted ceiling

Carpeted bedroom featuring vaulted ceiling

Carpeted bedroom with a closet

Image 6 of 42: Bedroom featuring a walk in closet, light carpet, a closet, and lofted ceil

Bedroom featuring a walk in closet, light carpet, a closet, and lofted ceiling

Bathroom with toilet and vanity

Bedroom with carpet flooring

Hall featuring light carpet

Bathroom with visible vents, toilet, vanity, and baseboards

Full bathroom featuring shower / bath combo and vanity

Image 12 of 42: Clothes washing area featuring laundry area and washing machine and clothes

Clothes washing area featuring laundry area and washing machine and clothes dryer

Image 13 of 42: Kitchen with white appliances, white cabinetry, under cabinet range hood, l

Kitchen with white appliances, white cabinetry, under cabinet range hood, light countertops, and a sink

Image 14 of 42: Kitchen with light stone counters, white appliances, white cabinets, under

Kitchen with light stone counters, white appliances, white cabinets, under cabinet range hood, and a sink

Image 15 of 42: Kitchen featuring a sink, white appliances, under cabinet range hood, white

Kitchen featuring a sink, white appliances, under cabinet range hood, white cabinetry, and light stone counters

Living room featuring carpet floors, ceiling fan, and vaulted ceiling

Living area with dark carpet, ceiling fan, a fireplace, and lofted ceiling

Bedroom with a ceiling fan and wood finished floors

Bedroom featuring wood finished floors, vaulted ceiling, and a ceiling fan

Bedroom featuring a ceiling fan and wood finished floors

Carpeted bedroom featuring a ceiling fan and vaulted ceiling

Bedroom with a ceiling fan and carpet

Bathroom with visible vents, toilet, vanity, and tile patterned flooring

Image 24 of 42: Bathroom with tile patterned floors, toilet, visible vents, and a stall sho

Bathroom with tile patterned floors, toilet, visible vents, and a stall shower

Image 25 of 42: Full bathroom with vanity, tile patterned flooring, visible vents, toilet,

Full bathroom with vanity, tile patterned flooring, visible vents, toilet, and baseboards

Image 26 of 42: Full bathroom with vanity, toilet, tile patterned floors, a textured wall,

Full bathroom with vanity, toilet, tile patterned floors, a textured wall, and baseboards

Bathroom with tile patterned floors and vanity

Image 28 of 42: Clothes washing area featuring a textured ceiling, separate washer and drye

Clothes washing area featuring a textured ceiling, separate washer and dryer, light tile patterned floors, and cabinet space

Image 29 of 42: Kitchen featuring light countertops, visible vents, a sink, and black appli

Kitchen featuring light countertops, visible vents, a sink, and black appliances

Image 30 of 42: Kitchen with a textured ceiling, visible vents, black appliances, a sink, a

Kitchen with a textured ceiling, visible vents, black appliances, a sink, and brown cabinets

Carpeted living room featuring a ceiling fan and cooling unit

Image 32 of 42: Living area featuring a tile fireplace, light colored carpet, vaulted ceili

Living area featuring a tile fireplace, light colored carpet, vaulted ceiling, and ceiling fan

Image 33 of 42: Living room with light carpet, light tile patterned floors, a ceiling fan,

Living room with light carpet, light tile patterned floors, a ceiling fan, and vaulted ceiling

Deck with a fenced backyard

Deck with fence

View of front facade featuring a deck, roof with shingles, and fence

View of shed featuring fence

View of home's exterior featuring an outdoor structure

View of street

View of parking / parking lot with fence

View of yard featuring a carport, an outbuilding, and fence

View of yard with fence

Image Count: 42

$460,000

Highlights
Income
Duplex
735 E Vermijo Avenue, Colorado Springs, CO, 80903 listed by Jeff Gaddis CNE
Active
MLS#: 5125166
Tour #3
View on Map

Space maker

Property Description

Turnkey Duplex in Prime Downtown Location with Strong Rental History. This Fully Occupied, Income-Generating duplex offers an exceptional opportunity for investors seeking a solid return. Located in a highly desirable area just east of sprawling Downtown Colorado Springs, this well-maintained property boasts long-term tenants with a proven rental history. Each unit features 3 bedrooms, 2 baths, and comes with appealing amenities such as gas fireplaces, vinyl windows, and low-maintenance flooring. At 1,044 sq. ft. per unit, they provide comfortable living spaces, highly attractive to tenants. Recent upgrades, including a new furnace and water heater (2020) in Unit 735 and freshly painted exterior and decks (2024), mean lower maintenance costs for years to come. With a large parking lot accommodating up to 6 vehicles and a spacious front yard offering potential for additional income streams, this property is set up for both stable performance and future upside. Positioned just 5 minutes from Prospect Lake, 1 minute to Downtown, with easy access to I-25, and surrounded by entertainment, shopping, and dining options, this location appeals to a wide range of tenants—keeping vacancy rates low and demand high. If you're looking for a turnkey property with strong rental potential in a growing market, this duplex is must-see. Text Your Realtor Today!

Property Listed By

Jeff Gaddis CNE
7467-934-917
230007573

Progressive Property Group LLC
7467-934-917
00000132

As a 20+ year Full Time Broker, I work many different angles of the Evolving Market. From Traditional Sales, to Incorporating Tactical Strategies Designed to Benefit my Fiduciary: YOU!!! I Specialize in Working with Families, Investors, Attorneys, Estates, Trusts and Conservatorships with Sales of Residential Properties across the Pikes Peak Region.

Property Details

General Features

Property Type: Duplex
Year Built: 1998
County: El Paso
School District: Colorado Springs 11
List Price: $460,000

Unit Information

Beds	Baths	Parking	Rent	SqFt
3	2		$1,700	1,044
3	2		$1,565	1,044

Total Units: 2
Total Rent: $3,265
Other Rentable Space: Tuff-Shed in Rear Yard by uit 737 (alley access)

Structure

Foundation: Crawl Space
Structure: HUD Standard Manu, UBC/IBC/IRC Standard Modular, Frame
Construction Status: Existing
Siding: Masonite Type
Window Type: Vinyl
Alley: Gravel

Features

Laundry: Electric Hook-up
Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator

Taxes, Utilities, Lot

Tax: $1,418
Lot Size: 0.22 Acres, 9,511 SqFt
Appliances: Dishwasher, Disposal, Kitchen Vent Fan, Range, Refrigerator
Fireplace: Gas, Two
Laundry: Electric Hook-up
Existing Water: Municipal
Existing Utilities: Cable Available, Electricity Connected, Natural Gas Connected

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