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Active

703 E Costilla Street

Colorado Springs CO, 80903

$624,900


$65.78 per sqft

Active

0.22 Acres

Land

Located on a corner lot in downtown Colorado Springs' beautiful Hillside community, this shovel ready, urban infill apartment complex offers 10 luxury, Class A units, with amazing mountain views and immediate proximity to downtown amenities. Take advantage of this property's Opportunity Zone tax benefits, which means you pay zero capital gains taxes on the sale after building and owning the apartments for ten years. This project is ready for builder permits, with all drawings and site variances approved and stamped by the city and tap fees already paid. As Hillside's future anchor point for urban living, all units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. Investment opportunities like this rarely make it to the open market. Make this one yours today!

7590974

MLS ID

March 13, 2025

Listed

March 14, 2025

Updated

Exterior/Building Features

Lot Size

0.22 Acres


Lot Features

Corner Lot, Level

School Information

School District

Colorado Springs 11

Other Property Details

Taxes

$3,155


Tax Frequency

Annually


Garage

No


View

Yes


View Description

City, Mountain(s)


County

El Paso

Listed by Kyle Tzitzicas, RE/MAX Real Estate Group LLC

Listing Contact: 7195347900

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Data Last Updated: 3/14/2025

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