1309 Tappan
FHA Assumable
5.22% Rate
50 photos
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1309 Tappan

Colorado Springs, CO 80909

3
Bedrooms
2
Bathrooms
1,867
Sq Ft

Payment Calculator

$2,384per month

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.

How much can you bring down?$22,250
$22,250$48,679
Secondary Financing8.5% Rate
$26,429
Blended rate5.43% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,672/mo
Assumable @ 5.22% + gap
$2,384/mo
$288less per month
$288
per month
$3,453
per year
$103,576
over 30 years

🏦 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.

This listing
$445,000
5.22% rateFHASave $375/mo

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