1344 N Arcadia St, Colorado Springs, CO 80903

Property Description

Close to Patty Jewett. A Smarter Investment. Opportunity is knocking in the highly desirable Patty Jewett neighborhood. This Zoned R-2 duplex offers immediate income potential with an established tenant in the lower unit who would like to remain, providing rental income from day one. The property consists of two units. The upper unit features 3 bedrooms, 2 baths, LVP flooring, fresh paint throughout, new lighting, a wood-burning fireplace, and a composite deck with wrought iron railing offering views. The lower unit includes a spacious living room, kitchenette, 2 bedrooms, and 1 full bath. The oversized detached one-car garage with storage and an enclosed workshop is accessed from the alley and offers additional income potential. Amenities include shared laundry facilities, and ample street parking. Mature trees and established surroundings enhance the property's appeal for both tenants and owner-occupants. Patty Jewett continues to be one of Colorado Springs' most desirable neighborhoods, known for its walkability, character, and proximity to downtown, the Old North End, local dining, parks, major employment centers, I-25, and the Powers Corridor. The combination of location, tenant demand, and future flexibility creates an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation.