$525,000
1,620
0.29 Acre Lot

103 And 105 Nickerson Avenue, Poncha Springs, Colorado 81242

  • Residential Income Property Type
  • 1,620 Square Footage
  • Driveway-Gravel Cars Garage
  • 1996 Year Built
Property Description

Have you been looking to break into the area real estate market as an investor? This duplex successfully rents for $3,000 per month (total gross income). Seller is offering owner financing to qualified buyers at below market terms. The south unit (105) has been updated with LVT flooring, new cupboards and countertops, along with newer appliances. The north unit (103) is in its original condition, however, the tenants have been in place for 18 years and are hoping to stay put continuing their month-to-month lease (no searching for new tenants and no rush to update it!). Modular construction with each having in-unit laundry hookups. Re-roofed Fall of 2019. Conveniently located near a park, the Poncha Pub, groceries, and a hardware store. The neighborhood consists primarily of full time residents, giving folks the opportunity to get to know their neighbors. It offers the added bonus of being just minutes from Salida too! Each side of the duplex offers one level living, with 2 bedrooms, 1 bath, vaulted ceiling, and lots of natural light. Each unit comes with its own shed for bikes, tools, and storage totes. Situated on 2 original town lots, totaling 0.29 acres, creating a spacious backyard. No covenants, zoned T4 General Urban. Great opportunity for someone wanting to live in one side, while renting out the other side. Bring an offer!

Basic Details
Residential Income
For Sale
6465950
$525,000
1,620
1996
0.29 Acre
Active
Mountain(s)
Duplex
: Architecural Shingle
Listing courtesy of
Full Circle Real Estate Group
Features
: Natural Gas, Forced Air
: None
: Crawl Space
: None
: Patio
: Driveway-Gravel
: Private Yard, Rain Gutters
: Carpet, Vinyl
: Eat-in Kitchen, Vaulted Ceiling(s)
: Laundry Closet
: Public Sewer
: Natural Gas Connected, Electricity Connected, Cable Available, Phone Available
: Traditional
Appliances
: Dishwasher, Microwave, Oven, Refrigerator
Address Map
Nickerson
103 and 105
Avenue
W107° 55' 16''
N38° 30' 54.3''
West
From the main stoplight at the intersection of US Hwy 50 and US Hwy 285, proceed west 2 blocks on West Poncha Avenue. Turn right/north onto Nickerson Avenue. Duplex will be second property on your right.
T4 General Urban
Neighborhood
Longfellow
Salida R-32
Salida
Salida R-32
Salida R-32
Salida
Additional Information
1620
: Frame
110V
: Concrete Perimeter
: One
: Level
https://listings.mediamaxphotography.com/103-105-Nickerson-Ave
: Public
Financial
1456
Listing Information
55040388
FCRG1
1031 Exchange,Cash,Conventional,Owner Will Carry
Active
2025-04-17T21:56:21Z
REcolorado
: None
2025-04-17T21:55:54Z
Cathy Chochon
Agent info
Harder Real Estate & Development
130 West 2nd St, Suite 1