518 Canon Avenue $945,000


    518 Canon Avenue Manitou Springs, CO 80829

    • 0 Beds
    • 0 Baths
    • Multi-Family
    MLS# 4959493 | Active


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    Days On Market: 183 23 Views
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    Property Details

    The property consists of 5 buildings to include 516 Canon Ave. All on same tax schedule number. 518 Canon Ave is the main house totally remodeled from the studs w/new electric, plumbing, drywall, furnace, water heater, Corian kitchen counter tops, all new carpet & tile flooring, 2 full remodeled bathrooms & 3 bedrooms, new 18 x16 wood deck w/mountain views off the main level. Walk out basement can be another rental. Original owner since 1964 has not kept up with current rent rates which could be raised to current rates. The owner has kept the entire complex very well maintained. Paved driveway leads to a large parking lot for all units and the oversized detached 2 car garage/shop used for maintenance tools, supplies, and extra backup appliances. 516 Canon Ave approximately 1386 sq ft with 2 bedrooms, 1 fireplace built in 1905. 516 Canon Ave unit totally remodeled with new carpet, paint, kitchen, furnace, water heater, electric plumbing. 518D approx 550 sq ft with 1 bed 1 bath, 516A approx 558 sq ft 1 bed 1 bath built in 1922; 516B approx 624 sq ft with 1 bed 1 bath built 1922. 1 Block from the Historic Manitou District, restaurants & Penny Arcade. Address' of the other 3 buildings: 516 A; 516 B;518 D. New roof on all bldg's 2019. The opportunity also exists for Buyer to live in the main home & rent out the cottages.

    • General Features
      • Property Sub Type House W/Cottage
      • County Or Parish El Paso
      • Year Built 1895
    • Building Features
      • Appliances 220v in Kitchen,Dryer,Range Oven,Refrigerator,Washer
      • Laundry Facilites Electric Hook-up, Gas Hook-up
      • Heat Air Ceiling Fan, Forced Air, Natural Gas
      • Foundation Details Partial Basement
      • Structure Wood Frame
      • Siding Masonite Type, Stone, Stucco
      • Roof Composite Shingle
    • Property Features
      • Acres Total 0.9
      • Lot Size 0.9068
      • Lot Size Area 39500.21
      • Lot Size Units Acres
      • Number Of Parking Spaces 5
      • Utilities Electricity, Natural Gas
      • Water Municipal
    • Schools
      • School District Manitou Springs


    The Virgil Team

    Residential and Rural Specialist, CRS


    Team Phone: 719-330-1307


    80829 (Manitou Springs) Demographics

    44Median Age
    273Population Density (per sq. mile)
    58%College Educated
    $58,110 Estimated Median Income
    1,748Estimated Total Home Owners
    983Estimated Total Renters
    64% / 36%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    5,893Total Population
    Community data courtesy of LiveBy, Inc.

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    $0 Median Sales Price
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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $945,000
        6/4/2019 11:03:47 AM Price Reduced Source New Value: $945,000 -5.03%
        4/3/2019 11:03:56 AM Price Reduced Source New Value: $995,000 -17.08%
        3/19/2019 9:04:00 AM New in Database Source New Value: $1,200,000

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