Colorado Springs, CO 80904
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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.
Elementary
West
Middle
West
High
Coronado
*Source: RECO. Data may be incomplete. Contact local school district to confirm exact zoning.
On Market Since
April 15, 2026
Data Source
RECO #REC1797243
Listings courtesy of REColorado as distributed by MLS GRID.
Listing Updated
5 days ago
Roots Checked
27 days ago
Listed By
Tyler Eberhart
7196409739
Colorado Homes CO
Listings courtesy of REColorado as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 3:30pm, 05/12/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information provided is 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.
