154 El Paso
Manitou Springs, CO 80829
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In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.
🏦 Loan Details
- List Price
- $425,000
- Assumable Rate
- 2.25%
- Remaining Balance
- $163,670
- Loan Type
- VA
- Est. Equity Gap
- $261,330
- Annual Taxes
- $1,954
About This Home
Fantastic investment opportunity in the heart of Manitou Springs! This unique property includes both a main home and a charming cottage, perfect for generating rental income or creating a versatile living setup. The oversized RV garage (12 ft tall, 14 ft wide) offers incredible storage and workspace options.\r \r Inside the main house, you’ll love the open flow from dining and living areas into the kitchen, along with an expansive primary bedroom featuring a large walk-in closet. The cottage has been updated with brand-new LVP flooring and a new stove/oven, making it move-in ready for tenants or guests.\r Step outside to enjoy ample yard space, a gravel driveway with plenty of parking, creek sounds, surrounding mountains, and red rock formations. Just a 5-minute drive to downtown Manitou Springs and only 1 minute to the Garden of the Gods entrance—this location is a true gem for both lifestyle and rental appeal.\r \r Recent upgrades include:\r \r F-Wave roof on both properties (installed 4 months ago with a 5-year transferable warranty)\r \r Relined sewer pipes after recent scope\r \r Newer furnaces in both units\r \r Newer hot water heater in the cottage\r \r Split A/C units in both properties\r \r Whether you’re looking for a smart income property or a home with built-in flexibility, this one is full of possibilities!
Data Source: Pikes Peak MLS (PPMLS)
Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.
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