For Sale Lot / Land MLS# 8066314

703 E Costilla Street

Colorado Springs, CO 80903

$399,000

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About 703 E Costilla Street

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!

Property details

Property

Type
land
MLS type
Land/Property
Status
Active
Living area
0 sqft
Lot
0.2181
Original price
$399,000
MLS #
8066314

Exterior & lot

Lot
Level

Schools

District
Colorado Springs School District 11

Utilities

Utilities
See Prop Desc Rem, Cable Available, Electricity Available, Natural Gas Available
Water
See Prop Desc Rem

Financial

Financial
Pikes Peak REALTOR® Services
Annual tax
$3,155
Tax year
2024
Parcel
6417312013

Location

County
El Paso
Neighborhood
Hillside
Community
0.0, Not Applicable, Colorado Springs 11

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Questions on 703 E Costilla Street, Colorado Springs, CO 80903, or want to see it in person?

Listed by Daniel Jones, Better Homes and Gardens Real Estate Kenney & Company

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.