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Ryan Thomson

Ryan Thomson

Property4.74% Assumable
1 / 33

$425,000

($337,045 down)
FHA

1007 Iowa Avenue, Colorado Springs, CO 80909

3
2
852 sqft
PITI Monthly
$1,053.35 /mo

Assumed Rate

4.74%
7.15%

Principal & Interest

$681 /mo
$883 /mo
$78,805 in interest paid off

Listing courtesy of: Bernadine Vayle, Coldwell Banker 1st Choice Realty

What's Special

LOCATIONSHOPPINGDININGSPACIOUSMODERNMATURE TREESSPRINKLER SYSTEMMOUNTAIN VIEWSCHARMINGINCOME POTENTIALINVESTMENT OPPORTUNITYTURNKEY

Investor’s Dream with Vintage Charm, Income Potential & Pikes Peak Views – 1945 Gem in the Heart of Colorado Springs! Discover a rare opportunity to own a well-maintained, income-generating vintage home in the heart of Colorado Springs—complete with stunning views of Pikes Peak from your front door. This charming 1945 ranch-style property sits on a spacious corner lot and offers the perfect blend of character, modern updates, and smart investment potential. The main level features 2 bedrooms and 1 bath, filled with timeless charm and a warm, functional layout. Below, the garden-level apartment is fully finished and ideal as owner’s quarters or a rental unit—perfect for long-term tenants, multi-generational living, or a short-term rental. This self-contained unit includes its own washer, dryer, refrigerator, and range/oven, giving you two complete living spaces under one roof. Recent upgrades and highlights include: Maintenance-free stucco siding Updated vinyl windows Newer roof Furnace (only 4 years old) Sprinkler system RV parking + off-street parking Beautiful landscaping with mature trees, including your own maple Enjoy peaceful mornings or golden sunsets from your porch while taking in the panoramic mountain views. This is more than just a home—it's a turnkey investment opportunity in a prime location, with strong rental potential and easy access to shopping, dining, schools, and downtown. Whether you’re an investor looking to expand your portfolio or a buyer seeking a multi-use property with income flexibility, this vintage gem is ready for its next chapter. Schedule your private tour today—properties like this don’t come along often!

Gradient Jack

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.74
Remaining Loan Term
15 years, 2 months
Monthly PITI
$1,053.35/mo
Estimated Loan Balance
$88,618
Cash to close
$337,045
Interest Paid
$78,805

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms3
  • Bathrooms2
Cooling & Heating
  • CoolingNone
  • HeatingForced Air
Interior Features
  • MaterialsStucco
  • CommunityUnknown
  • FireplaceNo
  • Fireplace FeaturesBasement, Family Room
  • FlooringCarpet, Tile, Vinyl, Wood

Exterior

Fencing
  • FencingN/A
Roof
  • RoofComposition
Parking
  • GarageNo
  • Garage SpacesN/A
  • CarportNo
  • Carport SpacesN/A
Water
  • SewerPublic Sewer
  • Water SourcePublic
Pool
  • Has PoolNo
  • Pool FeaturesN/A

Construction

Type & Style
  • StoriesN/A
  • Home TypeDuplex
  • Architectural StyleN/A
Materials
  • Construction MaterialsStucco
  • RoofComposition
Condition
  • Year Built1945
Details
  • BuilderN/A

Community & HOA

Community
  • SubdivisionN/A
  • FeaturesN/A
HOA
  • Has HOANo
Location
  • RegionColorado Springs

Financial Details

Financial Info
  • Price per Sqft$498.83
  • Tax Annual Amount$1,556
  • On Market Date2025-07-09T07:00:00.000Z
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MLS ID: REC5890254

Listing From: recolorado

Last updated: 2025-07-10T05:40:20.000Z

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