2 Navajo Ave - Navajo Flats
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2 Navajo Ave - Navajo Flats
2,319 SF Specialty Building Offered at $888,000 at a 3.27% Cap Rate in Manitou Springs, CO 80829
Investment Highlights
- Steps from Downtown Manitou Springs
- 3rd Unit Approved to be Built
- Licensed Short Term Rental
Executive Summary
Prime Downtown Manitou Springs Investment Opportunity
Discover an exceptional income-generating property in the heart of downtown Manitou Springs! This two-unit Airbnb boasts a coveted location and has achieved over 175 five-star reviews in just one year of operations. Fully turnkey, the property features an established cleaning staff and property management team available to continue operations seamlessly. Recently remodeled with new electrical systems and numerous modern upgrades, it’s ready for you or your guests to enjoy.
City-approved for Airbnb operations, this property offers exciting growth opportunities with space to expand the existing structure or build another unit—free from setback or lot coverage restrictions. With the seller transitioning to new ventures out of state, flexible, creative deal options are on the table. Don't miss this chance to own a proven revenue-generating property in a vibrant, sought-after location!
Discover an exceptional income-generating property in the heart of downtown Manitou Springs! This two-unit Airbnb boasts a coveted location and has achieved over 175 five-star reviews in just one year of operations. Fully turnkey, the property features an established cleaning staff and property management team available to continue operations seamlessly. Recently remodeled with new electrical systems and numerous modern upgrades, it’s ready for you or your guests to enjoy.
City-approved for Airbnb operations, this property offers exciting growth opportunities with space to expand the existing structure or build another unit—free from setback or lot coverage restrictions. With the seller transitioning to new ventures out of state, flexible, creative deal options are on the table. Don't miss this chance to own a proven revenue-generating property in a vibrant, sought-after location!
Property Facts
| Price | $888,000 | Property Subtype | Residential Income |
| Price Per SF | $383 | Lot Size | 0.17 AC |
| Sale Type | Investment or Owner User | Building Size | 2,319 SF |
| Cap Rate | 3.27% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1946/2023 |
| Price | $888,000 |
| Price Per SF | $383 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.27% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.17 AC |
| Building Size | 2,319 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2023 |
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Walk Score ®
Very Walkable (83)
zoning
| Zoning Code | Downtown (For more info, see https://library.municode.com/co/manitou_springs/codes/code_of_ordinances?nodeId=TIT18LAUSDECO_CH18.02ZODI_18.02.3COMIEZODI) |
| Downtown (For more info, see https://library.municode.com/co/manitou_springs/codes/code_of_ordinances?nodeId=TIT18LAUSDECO_CH18.02ZODI_18.02.3COMIEZODI) |
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Manitou Spring Real Estate LLC
2 Navajo Ave - Navajo Flats
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