6158 Ellipse View

Colorado Springs, CO 80922

Description

Each share purchased is grants access to 1/1,000 of the sales price of this home and any income that may come from renting out the property.

Colorado Springs, CO

Single Family

$556.00
536 pieces left

*Shares of membership are non-refundable. They can be listed for sale to customers on this platform but there is guarantee by Real Estate Evolved Inc. – Revolve that they will sell for the initial purchase price.

What's Special

This property is a 3-story urban style home in the Midtown Collection at Greenways. 3 bedroom, 3.5 bath, 2 car garage home. Kitchen features white Shaker-style cabinets, elegant Calacatta Lucent Quartz countertops and stainless appliances including a gas range and refrigerator, large pantry and island that can seat 5. Large storage closet off of the kitchen. Open concept main level is light and bright. Access a deck through sliding glass doors in the dining area. Upper level hosts two bedrooms, loft and laundry. The primary bedroom walks through to the primary bath with 2 sinks, linen closet and large shower with seat and sleek frameless shower surround. Laundry includes washer and dryer. A separate bedroom and bathroom are privately located on the lower level. Home includes air conditioning, smart home package, blinds in private areas, and radon mitigation system. Residence is located in a covenant protected community. Seller incentives available.

The Market

Colorado Springs, nestled at the base of the Pikes Peak, is one of Colorado’s fastest-growing cities and a hub for both outdoor adventure and economic opportunity. Known for its stunning mountain views, military presence, and expanding tech and aerospace sectors, Colorado Springs has experienced strong growth in defense, cybersecurity, healthcare, and tourism over the last several years. Home to institutions like the United States Air Force Academy and University of Colorado Colorado Springs, the city continues to attract students, professionals, and families seeking a balance between career growth and an active outdoor lifestyle. From hiking and mountain biking to a thriving downtown and local food scene, Colorado Springs offers something for everyone. Fun Fact: Garden of the Gods features massive red rock formations that were created millions of years ago—and admission to the park is completely free year-round.

More Questions

How is the property titled?

Each property is owned by a dedicated property-specific LLC established solely for that asset. When you purchase fractional ownership, you are purchasing membership interests in that LLC, which represents your proportional ownership stake in the property.

Your purchase includes platform transaction fees, administrative costs, property reserves, and other applicable operational expenses associated with the property. Ongoing expenses such as property management, maintenance, insurance, taxes, and asset management fees are handled at the property LLC level and disclosed within the offering documents for each property.

This property is managed by a professional third-party property management company in coordination with the managing member of the property LLC. The management team oversees day-to-day operations including tenant communication, maintenance coordination, rent collection, inspections, and overall property performance.

Key Features

About The Builder

Founded in Colorado Springs, Classic Homes has built a reputation for delivering thoughtfully designed homes focused on quality craftsmanship, functional layouts, and long-term value. With decades of experience in the Colorado market, the builder is known for creating communities that blend modern living with the lifestyle and natural beauty of the Front Range.

Property Titling Links

Each property is individually titled and documented with the state. Below are links to the property specific documents. 

Ownership LLC

County Assessor

$537,000

Purchase Price

$3,250

Monthly Rent

4.8

Cap Rate

Average Market Pricing

Our pricing is based on the average of the top real estate valuation models. 

Source Price
Zillow
$500,000
Redfin
$503,000
Homes.com
$496,000
Market Average
$499,000

Purchase Breakdown

Below is a breakdown of the purchase price of the property. Shares are broken down into equal pieces based on the total. 

Description Cost
Purchase Price
$537,000
Repairs / Upgrades
$0.00
Taxes / Insurance
$4,300
Closing Costs
$2,100
Revolve Fees
$37,600
Seller’s Discount
-$25,000
Total
$556,000

Cap Rate Breakdown

Capitalization rate is mathematical formula to show how much income a property will make. To find this number we take the annual income minus the general expenses. Then divide the adjusted total by the price of the home. 

Description Cost
Long Term Annual
$39,000
Annual Expenses
$13,000
Adjusted Income
$26,000
Purchase Price
$537,000
Capitalization Rate
4.8

Quick Buy

Meet The agent

Zack Dane

REAL ESTATE AGENT

Zack is veteran agent licensed in the state of Colorado. His new

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What people are saying

“Revolve made investing in real estate feel so easy and approachable! From browsing properties to purchasing fractional shares, the entire experience was smooth, transparent, and actually exciting.”
Kathryn L.
“I’ve explored other real estate investment platforms before, but Revolve was by far the easiest and most enjoyable to use. Being able to own a portion of a property without all the usual stress and complexity made getting started feel effortless.”
Jeff C.
“Revolve completely changed the way I think about real estate investing! The platform made fractional ownership incredibly simple, and the whole process felt modern, seamless, and surprisingly fun.”
Steve S.

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