324 Terrace Place

Versatile Manitou Springs property offering two self-contained living levels with a proven short-term/AirBnb rental history and multiple ways to use the space. Ideal for an investor, house-hacking opportunity, or buyers seeking separate living areas for multigenerational needs. The City of Manitou Springs has indicated the property is eligible for approval of a new STR permit for a future owner, subject to city permitting. Each level features its own kitchen, laundry, two bedrooms, and 3/4 bath, allowing the spaces to function independently. The upper level includes an open living area, granite countertops, two bedrooms, and a private balcony with Garden of the Gods views. The walkout lower level offers a spacious living area, full kitchen, two additional bedrooms, laundry, fenced outdoor space, and hot tub. Lower-level furnishings are negotiable. Four off-street parking spaces, two spaces for each living space, provide added flexibility. Significant improvements include a new main breaker panel and wiring, updated bathrooms on both levels, mini-split heating/cooling system on both levels and new flooring downstairs. Located just off Highway 24 near downtown Manitou Springs, Garden of the Gods, Old Colorado City, and Colorado Springs. A unique opportunity for buyers seeking income potential, separate living spaces, or both.