1208 W Colorado Ave, Colorado Springs, CO 80904

Property Description

Zoned Mixed-Use, this Single Family home, plus Additional Dwelling Unit provides a truly unique long-tem rental invesment opportunity. A restored 1890s home paired with fully equipped 600 sqft ADU—delivering built-in income, house-hacking potential, multi-unit flexibility, with newer mechanical/HVAC, turnkey livability and immediate revenue upside. The main home (rents for $1800-$2100/month), features 2 bedrooms, 2 baths, 1,097 sq ft living space, plus additional ~300 sqft finished loft area—for added flex/utility. Natural light fills the main living area, flowing into a modern kitchen with coffered ceilings, stainless steel appliances, island seating, and 36-inch cabinetry. Each bedroom suite has private access to its own full bath, creates optimal layout flexibility for tenants, traveling professionals, or dual-occupancy. Primary bedroom has walk in closet, while the second bedroom includes a private exterior entrance—perfect for independent rental use or increased privacy. Dedicated laundry space enhances functionality, and newer paint, and windows show strong maintenance. Outdoor living includes wrap around back deck, mature trees, and fully fenced grass yards with sprinkler system for both the main home and ADU—ideal for tenant separation, pet-friendly leasing, or multi-unit privacy. The ADU at 1208 B Expands income potential (rents for $900 - $1200/month) and is a pristine 600 SF with 1 bedroom, 1 full bath, granite counters in kitchen with island bar dining, and second laundry plus lofted flex/storage space. Private yard, independent functionality—well-suited for traveling nurses, or multi-generational use. A concrete path connects both structures to a gated 2-car tandem traditional or RV parking area, supporting ease of access and tenant convenience. CSU utilities are tenant expense, not separately metered. Historic charm, modern updates, and dual-unit long term rental income potential—this property is a rare, ready-to-perform asset in a prime location.