I am a local Colorado Springs Residential Investment Specialist and I also just happen to live in the area you are talking about. This area is diverse, but generally 1960's thru early 1980's vintage homes of popular Tri-level, Bi-level an Ranch styles. There is some newer infill in some areas and it is a popular place to live because of its reasonable price points and close proximity to the Powers Corridor/First and Main shopping area.
I am a recognized expert in HUD and VA Owned Properties as well as Bank Owned/REO's. You can find out more and search ALL available listed properties on my website at the following links:
I can design you a personalized property search website that will send you all the available listed properties for sale that meet your specific criteria and it also allows you to research and organize them at your liesure from your own computer.
Please let me know if I may be of assistance
Brian L. A. Wess
CRS, GRI, ABR, ASR, CSR, e-PRO
Realtor®, Broker Associate
Residential & Investment Specialist
Pat Newell & Associates, Inc - Metro Brokers
Colorado Springs, CO
COLORADO REAL ESTATE...DONE RIGHT!™
That being stated, Single family homes are renting quickly and for top dollar. Part of the reason that I attribute that to is that when homes are repossessed, those owners have to move somewhere and all their "stuff" will simply not fit into an apartment. While it is true that their credit is typically shot,.. many of them are making enough money at this point to make their payments.
I would not be stuck however to this one specific area as there are many neighborhoods that lend themselves well to the rental market and are priced in such a way to exploit the future appreciation that I believe we will be seeing.
Let mne know if I can help,.. I would love to provide you with a list of properties that could be possible answers to your dreams.
Randy G Morley
The Home Brokers, Inc.
When Experience Counts
Colorado Springs, Colo
I have a 4 plex in that area that I want to sell. I too live out of state and purchised the property as an investment.
Your welcome to check it out. & give me a call.
4605 Picturesque Ct. Colorado Springs, CO
How exciting to think about investing here in the Colorado Springs area. I'm an investor myself. I actually have an investment home in that area. I have no problems with keeping it rented. It's a great time to be a landlord.
I think it would be a good thing to take a trip here and check out the different areas of town yourself. We all have different thoughts about what we're looking for in investment homes.
You may want to check out InvestorLoft.com You can type in my referral code on the signup page. (GildaBaxter) It will help you with cash flow or cap rate based on your down payment amount and mortgage type.
If you need anything, please feel free to contact me.
Hope this helps,
There are many great areas in Colorado Springs that would work well for your investment endeavors. Where you purchase would be best decided by your long and short term investment goals and the amount of money you have to invest. Are you in this investment for the long term or are you wanting to have immediate substantial cash flow. Are you purchasing your investment with cash or do you intend to borrow funds? As you can see there is a lot to consider before deciding where to purchase and the type of property to purchase. Do you want to consider a singe family home, condo, townhouse or multiple income properties such as fourplexes?
I am available to provide an FREE investment consultation based upon the aforementioned factors. Please call my team at 719-265-9203 or visit me on the web at http://www.MikeWashington.com.
I have worked with several investors in the Colorado Springs area and would be happy to send you a detailed report on the areas of Palmer Park. Email me with your information and I will get that report sent to you immediately. I think that you will be find this report to be of great use when you are looking to invest here in Colorado Springs. Looking forward to assisting you with your investments here in Colorado Springs.
Have a good evening. God Bless,
Keller Williams Hope Realty
I would love to help you with an investment purchase in Colorado Springs. Please feel free to call me at 719.351.5077 so we can discuss your goals. Or visit my website!