519 Prairie Rd, Colorado Springs, CO 80909

Property Description

**Two Residences, R-5 Zoning & Redevelopment Potential!** Calling all investors, builders, and visionaries! This unique property features two separate single-family residences on one lot, offering a variety of possibilities for the right buyer. The existing homes include a 2-bedroom, 1-bath residence and a separate 1-bedroom, 1-bath residence, along with two storage sheds. Previously used as a rental property with separate tenants, the lot features fencing that divides the two living areas, with gated access to each side. Looking beyond the existing structures? The seller previously rezoned the property to R-5 with plans to develop a multifamily residence, and those plans are available for interested buyers to review. Explore the potential to renovate the existing homes, continue investigating the property's rental possibilities, or pursue a future redevelopment project, subject to applicable zoning requirements, due diligence, and necessary approvals. This property presents an opportunity for buyers willing to put in the work and envision what this site could become. The property and existing structures are being sold in their present condition. Buyers are encouraged to independently verify zoning, permitted uses, rental requirements, development potential, and the feasibility of any proposed improvements. Bring your vision and explore the possibilities this property has to offer!