Connect

120 W Ramona Avenue, Colorado Springs, CO – $1,200,000

  • 9 Beds
  • 7 Baths
  • 5,739 Sqft
  • .28 Acres
  • 9 Beds
  • 7 Baths
  • 5,739 Sqft
  • .28 Acres

New Search X

120 W Ramona Avenue

Don't miss your chance to own a coveted investment opportunity in the Ivywild neighborhood of Colorado Springs! Currently used as a short term rental, this 9-bedroom, 7-bathroom duplex offers multiple rental strategies including midterm, long-term, or short-term rental / house hack options. Seller was renting to midterm guests at $3500/mo per unit. Unit A is 5bds, 3 baths, 3,039sqft, and was fully renovated in 2021. Unit B is 4bds, 3.5 baths, 2,984sqft and newly built in 2021. Both units have open concept kitchens and vaulted ceilings. The property includes two garages and eight parking spaces, providing ample room for tenants or guests. Conveniently located just 8 minutes to downtown Colorado Springs, 7 minutes to The Broadmoor, and 12 minutes to Garden of the Gods. This is a rare opportunity to secure a turn-key, high-income investment property in a prime location!

Listing Office: Good Neighbor LLC

Request More Info

Essential Information

  • MLS® #6597045
  • Price$1,200,000
  • Bedrooms9
  • Bathrooms7.00
  • Square Footage5,739
  • Acres0.28
  • Year Built1941
  • TypeResidential Income
  • Sub-TypeDuplex
  • StatusActive

Community Information

  • Address120 W Ramona Avenue
  • SubdivisionIvywild
  • CityColorado Springs
  • CountyEl Paso
  • StateCO
  • Zip Code80905

Amenities

  • Parking Spaces2
  • # of Garages2

Interior

  • HeatingForced Air
  • CoolingCentral Air
  • StoriesTwo

Appliances

Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer

Exterior

  • RoofComposition

School Information

  • DistrictCheyenne Mountain 12
  • ElementaryBroadmoor
  • MiddleCheyenne Mountain
  • HighCheyenne Mountain

Additional Information

  • Date ListedMarch 26th, 2025
  • ZoningR2

Listing Details

  • Good Neighbor LLC

Office Contact

olivia@thegoodneighbors.com,508-221-2524

Please provide a valid email address.

Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Copyright 2025 METROLIST, INC., DBA RECOLORADO® -- All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

Listing information last updated on April 5th, 2025 at 9:33am MDT.