519 N Chestnut Street
Colorado Springs, CO 80905

Turn-key, fully furnished West Side home with great investment potential next to Old Colorado City area! Boasting a strong history of rental income, this versatile property offers a prime opportunity to live in one home and rent the other. The main home features a nice balance of unique original character and modern comforts. Log pillars, exposed beams, and a custom hand-carved rollout counter and cabinet give the space its distinctive charm. The interior has a well-appointed queen bedroom, a full bath, and a full kitchen that flows into a breakfast bar area and comfortable living space. Designed to maximize natural light, the home features expansive windows and a skylight that invite a steady cross breeze. Outdoor living is equally effortless, offering a private patio and turf yard equipped with a propane grill and seating. Just across the large concrete patio sits Unit B, a fully equipped 550-square-foot house. This private secondary living space features a plush King bed, a full bathroom, a convenient kitchenette, a stackable washer/dryer, and a mini-split system for personalized heating and cooling. Outside, a small fence encloses its private, walk-out stamped concrete patio, creating a beautifully secluded retreat. Private and tucked away among mature trees, this expansive 9,000 SF lot features alley access and incredible investment flexibility. The R-2 zoning and lot layout provide multiple configurations for short-term rentals, long-term leasing, multi-generational living, or a combination of these. Final property enhancements are currently being completed, including fresh exterior paint and deck refinishing to ensure it is completely turnkey. Absolute prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, I-25, and Highway 24.

Property Features