2622 N Nevada Ave, Colorado Springs, CO 80907

Property Description

One-of-a-kind opportunity in Colorado Springs’ iconic Old North End. Situated on three lots, this renovated historic rancher offers character, flexibility, investment potential, and one of the area's most valuable features: unlimited-use lawn and irrigation agricultural well water rights. One of only 10 homes in the Old North End with these highly sought-after water rights, the property is dual tapped with both city water and a private agricultural well, helping reduce future water costs. Inside, the home blends historic charm with modern updates. The open layout features refinished hardwood floors, new carpet, and a remodeled kitchen with stainless steel appliances, solid surface countertops, and a walk-in pantry. Two oversized main-level suites offer updated private bathrooms, while a flex room is perfect for an office, guest room, or hobby space. The upstairs has been converted into a private one-bedroom living space with its own kitchen, living area, and full bathroom, ideal for rental income, multigenerational living, or guests. Major upgrades completed in 2020 include all new electrical, new plumbing, asbestos abatement, and lead-based paint abatement, providing the confidence of updated infrastructure. The oversized lot and flexible layout create endless possibilities for investors, house hackers, short-term or long-term rentals, or future expansion. Enjoy a large deck, peaceful pond, oversized detached two-car garage, fully fenced yard, and additional basement storage. Located minutes from Garden of the Gods, downtown Colorado Springs, Colorado College, parks, dining, and entertainment, this rare property combines location, land, water rights, and long-term investment value. Opportunities like this rarely come available in the Old North End.