Opportunity awaits with this spacious split-level home situated on a generous corner lot in an established Colorado Springs neighborhood. Offering a functional floor plan, multiple living areas, a large lower-level family room with a classic brick wood-burning fireplace, and update rear deck, this property is ready for its next chapter. The home features hardwood flooring in the upstairs bedrooms, with the possibility of additional hardwood beneath flooring in the hallway and living room. Buyers encouraged to verify flooring materials during inspection period. Several vinyl replacement windows have already been installed, while a few original single-pane aluminum windows remain. Outside, you'll find a large side yard, a circular driveway, an attached garage, and abundant off-street parking that's ideal for RVs, boats, trailers, RVs, or additional vehicles. The private backyard backs to an open space/drainage easement, providing added privacy and direct access to Homestead Trail, where you can enjoy neighborhood walking paths and connections to Colorado Springs' extensive trail system. Please note that the home exhibits visible structural concerns, including several significant cracks throughout the property. Due to its condition, the seller is offering the property for cash or conventional financing, subject to lender approval. Buyers are encouraged to complete any inspections & evaluations they deem appropriate. Whether you're an investor, flipper, or buyer looking to build equity through renovations, this property presents an outstanding opportunity. Buyers interested in financing improvements may wish to explore renovation loan options, including FHA 203(k), Fannie Mae HomeStyle®, or other rehabilitation financing programs through their lender. Don't miss the chance to transform this well-located property into something special while enjoying generous outdoor space, exceptional parking flexibility, added privacy, and immediate access to Homestead Trail.