Income-Generating Townhome. This 3-bedroom, 3.5-bath townhome offers a fantastic opportunity for investors looking to add a high-demand rental property to their portfolio. Located in the desirable North Colorado Springs area, this freshly painted and carpeted townhome is situated in a thriving rental market, ensuring consistent tenant interest and steady cash flow potential. The open-concept main floor includes a bright living room with a sky light and a cozy gas fireplace. The kitchen offers all appliances, ample storage, and two windows, making it an appealing space for tenants. The upstairs includes two generously sized bedrooms, including a primary suite with a full bath, vaulted ceilings, & sky light. Loft space offers flexibility for tenants needing extra space for family or a home office. Outdoor Space: A fenced patio provides tenants with their own outdoor area, perfect for relaxation. The townhome includes a 2-car attached garage, in-unit laundry with washer/dryer, and central heatingfeatures that are highly attractive to potential renters. HOA covers landscaping and snow removal, minimizing the maintenance requirements for property owners and ensuring the exterior is always well-kept. This property is located in the sought-after Cottonwood Creek area, close to schools, parks, shopping, and dining. With easy access to hiking trails, and major roadways like I-25 and Powers, its a convenient location that appeals to a wide range of renters. With rental demand strong in this area and the property offering many amenities in the community, this townhome is poised to generate consistent rental income. Whether you're a seasoned investor or just starting to build your real estate portfolio, this is an ideal opportunity to invest in a property with significant long-term value.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- 1/2 Bathrooms: 1
- 3/4 Bathrooms: 1
Interior Features
- Ceiling Fan(s)
- High Ceilings
- High Speed Internet
- Laminate Counters
- Open Floorplan
- Primary Suite
- Vaulted Ceiling(s)
- Wet Bar
- Flooring: Carpet, Laminate, Linoleum, Tile
Appliances
- Dishwasher
- Disposal
- Dryer
- Microwave
- Range
- Refrigerator
- Self Cleaning Oven
- Washer
Heating and Cooling
- Cooling Features: Air Conditioning-Room
- Fireplace Features: Gas Log, Living Room
- Heating Features: Forced Air
Other Rooms
- Basement Description: Finished, Interior Entry/Standard, Partial
Exterior and Lot Features
- Lighting
- Rain Gutters
- Tennis Court(s)
- Patio And Porch Features: Front Porch
- Road Responsibility: Private Maintained Road
Waterfront and Water Access
Garage and Parking
- Attached Garage: Yes
- Garage Spaces: 2
- Parking Features: Concrete, Dry Walled, Insulated, Lighted
- Parking Total: 2
Land Info
- Lot Description: Landscaped, Protected Watershed
- Lot Size Acres: 0.03
- Lot Size Square Feet: 1307
Homeowners Association
- Association: Yes
- Association Amenities: Clubhouse, Parking, Pool, Tennis Court(s)
- Association Fee: 340
- Association Fee Frequency: Monthly
- Association Fee Includes: Irrigation Water, Maintenance Grounds, Maintenance Structure, Road Maintenance, Sewer, Snow Removal, Trash, Water
- Calculated Total Monthly Association Fees: 340
- Association Name: Cottonwood Creek Townhome Assocation
- Association Phone: 7192604546
- Pets Allowed: Yes
School Information
- Elementary School: Pioneer
- Elementary School District: Academy 20
- High School: Rampart
- High School District: Academy 20
- Middle School: Mountain Ridge
- Middle or Junior School District: Academy 20
Other Property Info
- Annual Tax Amount: 1265.00
- Source Listing Status: Active
- County: El Paso
- Directions: I-25 South to Woodmen Road exit. Left (East) when exiting the off ramp. Take Woodmen Road East, Left on Medrina Lane, Left on 2nd Hatch Circle
- Tax Year: 2024
- Source Property Type: Residential
- Exclusions: Seller & Tenant Personal Property
- Property Subtype: townhouse
- Source Neighborhood: Cottonwood Creek
- Parcel Number: 63094-14-021
- Subdivision: Cottonwood Creek
- Zoning: PUD
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1982
- Year Built: 1986
- Above Grade Finished Area: 1403
- BelowGradeFinishedArea: 579
- Below Grade Unfinished Area: 15.00
- Common Walls: 2+ Common Walls
- Construction Materials: Frame, Wood Siding
- Direction Faces: South
- Levels: Two
- Property Age: 39
- Property Attached: Yes
- Roof: Composition
- Structure Type: Townhouse
Utilities
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Water Source: Public
Home Features
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)