703 E Costilla, Colorado Springs, CO 80903
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703 E Costilla, Colorado Springs, CO 80903
703 E Costilla, Colorado Springs, CO 80903
703 E Costilla, Colorado Springs, CO 80903
703 E Costilla, Colorado Springs, CO 80903
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Gerald Mayo

Gerald Mayo

+1(970) 215-5757
$ 399,000
Est. payment /mo
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Active

703 E Costilla Colorado Springs, CO 80903

9,583 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Hillside

MLS Listing ID IRE3995094

HOA Y/N No

Annual Tax Amount $3,155

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Source ires

Property Description

Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid.As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations.Investment opportunities like this rarely make it to the open market. Make this one yours today!

Location

State CO

County El Paso

Community Hillside

Area Out Of Area

Zoning C-6

Direction From downtown travel east on Costilla to the corner of East Costilla Street and South El Paso Street.

Exterior

Parking Features None

Utilities Available Natural Gas Available, Electricity Available, Cable Available

View Y/N Yes

View Mountain(s), City

Garage No

Building

Lot Description Level, Mountains

Sewer Public Sewer

Water City

New Construction false

Schools

High Schools Colorado Springs 11

School District Colorado Springs 11

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Information and Real Estate Services (IRES)
Listed by Daniel Jones

NEARBY SCHOOLS & PROPERTIES

Gerald Mayo

Gerald Mayo

Broker License ID: 1322538

+1(970) 215-5757

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