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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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