Single Family Home with seperate unit in basement and cottage.

[Brent Bowers]

 E High St Colorado Springs CO. 80903

SFH, with 2 units and the cottage in the back

This is a Single Family Residence with a total of 6 bedrooms 2 baths with an enclosed front porch and a

House is super close to college and downtown. Walk Score 68

0.7 miles from Starbucks

0.9 miles from Phantom Canyon Brewing Company (Walk to the Bar)

0.9 miles from Memorial Hospital (Good for Doctors, nurses, and certified Nursing assistants)

1 mile from Sertich Ice Center (Year Round Ice Skating)

1.1 miles from Pikes Peak Community College

1.8 miles from Colorado College

wooden deck as a back porch.

The upper level of the house has 3 beds 1 bath with a full kitchen, living room and separate Gas furnace

located in attic.

Owner is currently getting $750 per month rent from a government assisted/Section 8 tenant that is

currently on a lease.

Electric is separately metered to the tenant. The gas is divided up between basement and upper level by

the land lord. There is 1 water meter supplying the entire property and is divided by the 3 units.

To completely Rehab the entire house (upper and lower level) to include roof, interior paint, flooring, 2

kitchens, 2 bathrooms, washer and dryer for basement, drywall for basement, all new lighting, re finish

with slip resistant Exterior steps, landscaping, Pressure wash and paint exterior deck, replace windows,

do a thorough cleaning, and oops factors = $47,000. This would make the place Flip Ready and is an

estimate only.

Upper Level SF 1,064

Basement Area 1,222

Total SF 2,286

Total bedrooms 6

Total Bathrooms 2

Basement has separate entrance and it has 3 bedrooms 1 bath with a kitchenette that has a stove,

refrigerator, sink and cabinets. There is a washer and dryer hookup in the kitchen. Basement has

separate gas heated furnace located in one of the bedrooms. Total Basement area is 1,222 SF.

Landlord was getting $675 per month rent. The basement unit is currently vacant. The

Cottage

Cottage is a 1 bed 1 bath with a total of 861 SF of living space and a basement of 264 Square feet and

can be used for storage.

The roof was leaking in the cottage and it caused the bedroom ceiling to cave in. The roof has been

repaired over the half of the cottage that was leaking.

Estimated repair cost to do a complete REHAB to include Roof, landscaping, flooring, kitchen, bathroom,

ceiling, drywall, paint, water heater, Heating, and oops factor = $17,000

Brent

Genesis 2:15 Properties LLC

863-801-6959