1309 Tappan
Colorado Springs, CO 80909
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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
- $445,000
- Assumable Rate
- 5.22%
- Remaining Balance
- $396,321
- Loan Type
- FHA
- Est. Equity Gap
- $48,679
- Annual Taxes
- $1,315
About This Home
Income-Producing Duplex in a Prime Central Location Opportunity meets location with this centrally located duplex, perfectly positioned near Palmer Park and Mitchell High School—offering convenience, strong rental appeal, and consistent income potential. Both units are currently rented, providing immediate cash flow from day one. Each unit features a well-designed 2-bedroom, 1-bath layout, complete with private garage stall, in-unit washer and dryer, and direct access to the backyard—amenities today’s renters actively seek. Inside, you’ll find spacious kitchens and dining areas, large bedrooms with generous closets, and abundant natural light throughout. Thoughtful upgrades include updated double-pane vinyl windows and recent renovations in both units, enhancing both comfort and long-term value. This property is built for efficiency and flexibility, with separate metering for water, electric, and gas—simplifying management and maximizing returns. A roof replacement in 2018 adds further peace of mind. Whether you’re expanding your portfolio or securing a smart first investment, this duplex delivers location, stability, and upside in one compelling package. Don’t miss your chance to own a high-performing asset in a high-demand area.
Data Source: REcolorado MLS
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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