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703 E Costilla Street, Colorado Springs, CO, 80903

Image Count: 14

$750,000

  • Highlights
  • Land
  • 0.22 ac
  • 703 E Costilla Street, Colorado Springs, CO, 80903 listed by Daniel Jones
  • Active
  • MLS#: 5434797

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!

Property Listed By

Picture of REALTOR Listing Property
  • Daniel Jones
  • 5506-803-917  Call the Agent 
Picture of Office Listing Property
  • Exp Realty LLC
  • 4272-044-888  Call the Agent 

Property Details

    General Features

    Lot Features

  • List Price: $750,000
  • County: El Paso
  • School District: Colorado Springs 11

    Description

  • Lot SqFt: 9,583
  • Lot Description: City View, Corner, Level, Mountain View
  • Lot Location: Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center
  • Street Description: City/Town Road, Paved
  • Topography: Level
  • Extra Features: Sewer Tap Paid, Water Tap Paid

    Taxes, Utilities

  • Tax: $1,542
  • Utilities at Prop Line: Cable Available, Electricity Connected, Natural Gas
  • Water Available: Municipal System

    Additional Information

      Additional Information

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