BrandonShanahan
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BEDS4
BATHS2
SQUARE FEET1,620
MLS#6576983
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSalida R-32
Listing Courtesy of:
Century 21 Community First
Agency Contact: post@firstcolorado.com,719-539-6682
Property Description
Investment opportunity in the heart of Poncha Springs with strong rental history and mountain views. Situated on a spacious 0.29 acre lot, this duplex offers two well maintained 2 bedroom, 1 bathroom units, each providing approximately 810 square feet of living space. Whether youre looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this property offers flexibility and income potential.Both units are currently occupied and generate $1,400 per month each, with leases in place through July 2026. Current tenants have expressed interest in remaining, creating the opportunity for immediate and continued rental income. Owner currently pays water and sewer while tenants are responsible for their own utilities.The property enjoys beautiful mountain views and sits on an oversized lot offering ample space for parking, outdoor living, gardening, or future improvements. Conveniently located in Poncha Springs just minutes from downtown Salida, residents enjoy easy access to parks, shopping, restaurants, schools, and year round recreation. The combination of location, flexibility, and outdoor lifestyle continues to make this area highly desirable for both renters and homeowners.With stable occupancy, established rental income, and the versatility to serve as either an investment property or owner occupied residence, this is an opportunity worth exploring.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Forced Air
Home Style: Mountain Contemporary
Lot Size: 0.29 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $1,718
Year Built: 1996
Amenities
Eat-in Kitchen
High Ceilings
Vaulted Ceiling(s)
Private Yard
Feature Descriptions
Appliances: Dishwasher, Range, Refrigerator
Baths Total: 2
Exclusions: Seller & Tenants Personal Property
Exterior: Frame, Wood Siding
Fencing: Partial
Flooring: Carpet, Laminate
Laundry: Laundry Closet
Lot: Level, Near Ski Area
Parcel#: R380510225157
Parking: Unpaved, Gravel
Parking Notes: Unpaved, Gravel
Patio/Porch: Patio
Sewer: Public Sewer
Special View Info: Mountain(s), Valley
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Salida
Middle School: Salida
Elementary School: Longfellow
School District: Salida R-32
Listed By / Shown By
Listed By
Agency Name: Century 21 Community First
Agency Contact: post@firstcolorado.com,719-539-6682
Shown By
Agent Name: Brandon Shanahan
Agent Phone: (719) 246-8170
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 3,404.04 per month $3,078.59 Principal & Interest $143.17 Property Tax $182.29 Homeowner's InsuranceChange Payment Information
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102 & 104 Palmer Avenue | MLS# 6576983
This multi-family property located at 102 & 104 Palmer Avenue , Poncha Springs, CO 81242 is currently listed for sale with an asking price of $625,000. & 104 Palmer Avenue is located within the Salida R-32 school district. Search Poncha Springs real estate on bshanahan.thecuttingedgerealtors.com today.