Description
This brick home with income-generating possibilities offers the perfect canvas for your investment vision. The cozy two-bedroom, one-bathroom main residence features a full basement that's ready to transform into additional living space or serve as generous storage. A country kitchen with abundant cabinet space provides both functionality and charm for everyday living. What sets this property apart is its impressive commercial building on-site—though in need of renovation, it presents exciting possibilities for the imaginative buyer. Behind the main home, you'll find two one-bedroom apartments, creating rental income potential while you develop your long-term strategy. The community commercial zoning designation opens doors to various business opportunities, and the property may qualify for Urban Redevelopment assistance programs—a significant advantage for investors looking to maximize return on improvements. Two garages and an old smokehouse adds to the character of this unique property. While this diamond-in-the-rough requires renovation throughout, its unique combination of residential and commercial spaces on a generous lot creates a rare opportunity in Walsenburg. Perfect for the visionary investor seeking to create something truly special from a property with good bones and multiple income streams.
-
2BEDS
-
0.2ACRES
-
1BATHS
-
01/2 BATHS
-
2,252SQFT
-
$133$/SQFT
School Ratings & Info
Description
This brick home with income-generating possibilities offers the perfect canvas for your investment vision. The cozy two-bedroom, one-bathroom main residence features a full basement that's ready to transform into additional living space or serve as generous storage. A country kitchen with abundant cabinet space provides both functionality and charm for everyday living. What sets this property apart is its impressive commercial building on-site—though in need of renovation, it presents exciting possibilities for the imaginative buyer. Behind the main home, you'll find two one-bedroom apartments, creating rental income potential while you develop your long-term strategy. The community commercial zoning designation opens doors to various business opportunities, and the property may qualify for Urban Redevelopment assistance programs—a significant advantage for investors looking to maximize return on improvements. Two garages and an old smokehouse adds to the character of this unique property. While this diamond-in-the-rough requires renovation throughout, its unique combination of residential and commercial spaces on a generous lot creates a rare opportunity in Walsenburg. Perfect for the visionary investor seeking to create something truly special from a property with good bones and multiple income streams.
© 2026 Spanish Peaks MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bachman & Associates. Data last updated: 2026-01-21T00:20:51.897.