5475 Primrose LN new to site Save Request In-Person Tour Request Virtual Tour
Denver,CO 80221
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,996 sqft
Price per Sqft $330
Subdivision Chaffee Park
MLS Listing ID 6549159
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 1,096
Originating Board recolorado
Year Built 1952
Annual Tax Amount $3,828
Tax Year 2023
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Duplex
Property Description
Welcome to this fantastic investment opportunity offering exceptional income potential. This property features 2 units, ensuring a steady cash flow from day one. Whether you're an investor or looking to start a new venture, the possibilities are endless. Recent upgrades in the above unit have enhanced the property's value, and there's still room for further improvement, allowing you to maximize your return on investment. With convenient access to DIA, Regis College, public transportation, it's perfectly positioned for tenants and future growth. The upstairs unit boasts modern elegance with this fully remodeled 3 bedroom, 2 bathroom that perfectly blends style and functionality. The open-concept living space boasts new flooring, fresh paint, and abundant natural light. A sleek, upgraded kitchen features quartz countertops, stainless steel appliances, custom cabinetry, making it a chef's dream. The convenient washer/dryer, direct access to the 2 car garage, is an ideal setup for a buyer looking to live comfortably while generating income by renting out the basement unit. The basement unit offers immediate income potential with reliable tenants already in place until May 2025. Providing an excellent opportunity for a long-term rental income. The basement unit remains in its original condition, as its consistent occupancy has made access challenging. Out of respect for the tenants and their comfort, updates have been deferred, providing an excellent opportunity for the next owner to add their personal touch when the timing is right. The backyard is a blank canvas brimming with potential. BONUS-This spacious lot provides potential for expansion/development, making it ideal for future projects. With current zoning, there's even the possibility of splitting the lot to maximize its potential! Don't miss out on this rare opportunity to own a property with built-in revenue streams and long-term growth potential! PLEASE DO NOT GO IN THE BACKYARD OR DISTURB THE BASEMENT TENANTS
Location
State CO
County Adams
Zoning R-2
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet,Vinyl
Fireplace N
Appliance Dishwasher,Disposal,Dryer,Microwave,Oven,Refrigerator,Washer
Laundry In Unit
Exterior
Exterior Feature Lighting,Private Yard
Parking Features Concrete
Garage Spaces 2.0
Fence Partial
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Lot Description Many Trees,Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Hodgkins
Middle Schools Josephine Hodgkins Leadership Academy
High Schools Westminster
School District Westminster Public Schools
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Pets Allowed Cats OK,Dogs OK
Virtual Tour https://www.zillow.com/view-3d-home/797c68fe-be32-4bb7-b12c-30c0c10a5c3d?setAttribution=mls&wl=true