Opportunity knocks on the coveted West side of Colorado Springs near Old Colorado City. This charming rancher offers endless potential for those seeking a project to transform into their dream home or for an investor looking for a project. This property needs a foundation repair and is situated on a spacious corner lot with R-2 zoning. The property offers the possibility to build an Accessory Dwelling Unit (ADU), adding further value to the investment. Featuring 4 bedrooms and 2 bathrooms across 2,088 square feet, the home features main level living and a full basement with a new sewer line and a Zoller pump. The layout offers great flow and natural light, while the bones of the home are ideal for a renovation that could yield instant equity. The property is just a short distance from the iconic Garden of the Gods Park and Red Rock Canyon, offering unmatched access to hiking and biking trails. Additionally, this home is within one mile of Old Colorado City’s eclectic mix of shops and dining, as well as a short drive to downtown Colorado Springs. 655 Skyline Ave. presents an exceptional opportunity for both investors looking for a project and individuals eager to customize a home in an unbeatable location. Don’t miss the chance to create a space that reflects your style and take advantage of this rare opportunity to invest in one of Colorado’s most desirable neighborhoods.