2904 W Platte Ave, Colorado Springs, CO

About 2904 W Platte Ave

Investor / Builder Opportunity in Old Colorado City - Approved Plans + Strong Upside Located in the heart of Old Colorado City, 2904 W Platte Ave presents a prime value-add opportunity for investors, builders, or contractors looking for their next project. This classic bungalow has already undergone significant demo work, including removal of heavy plaster walls/ceilings and two deteriorating brick chimneys-saving time and upfront labor. The property comes with city-approved plans for a 2 bed / 1 bath layout, along with an alternative 2 bed / 2 bath configuration mock-up, giving flexibility to maximize resale value. A contractor quote is available for the 2/2 build, providing clear insight into project scope and budgeting. With an estimated purchase price around $220K and projected renovation costs near $100K, the opportunity presents a potential $80K+ equity spread for the right buyer executing efficiently. Highlights: Old Colorado City location with strong resale demand Major demo already completed Approved plans + additional layout option included Contractor bid available for reference Significant upside for experienced builder/investor Important Notes: Property is in mid-construction condition. Use caution when touring due to debris and exposed materials.

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