812 N Institute Street

Colorado Springs, CO 80903

This home is ideally located on a quiet street while being just minutes from downtown. This neighborhood has become very sought after in recent years, and you're right off of great trails like Shooks Run and a short walk to local hangouts like Switchbacks Coffee and Stellina Pizza Cafe! You'll find that this mid-century bungalow presents a great opportunity to find an affordable home in such a desirable neighborhood. With its hard-to-find R2 zoning, this property presents many opportunities to convert into a duplex or add a garage apartment in the back for extra income. This property has great investment potential as a fix-n-flip, rental, or multigenerational residence. Upon entering the home, you're greeted with high ceilings and large windows letting in plenty of natural light. There is a large front living room with an adjoining kitchen and a dining area that has plenty of space to become a really stunning gathering/cooking area. You'll also find a spacious back addition that could become the primary suite or a secondary family room. Two large bedroom areas and a full bath with a jetted tub complete the main level. There are two stairways to the lower level. One at the front of the house and one in the back, creating easy access to the finished basement where there is another room which includes a fireplace. There's also a third bedroom, laundry room, and a large unfinished storage/mechanical room where another bathroom could be added with relative ease. The large flat backyard is very private and surrounded by mature trees, creating the possibility for a great outdoor space. There's a large shed to the north side of the garage that could be removed to create RV parking. The oversized two-car garage has heating and sits directly off the alley. Another unique aspect of this home is that it provides off-street parking in both the front and the back of the home. This provides a great opportunity for someone with the vision to restore the beauty of this home!

Listing courtesy of The Cutting Edge



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Data last updated at: 2023-09-22 03:00 PM UTC