5475 Primrose Lane
Denver, CO 80221
2192 sqft | 5 beds | 0.36 acres | #6549159
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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
Property Details
- Middle SchoolJosephine Hodgkins Leadership Academy
- Lot DescriptionMany Trees, Near Public Transit
- School DistrictWestminster Public Schools
- Exterior MaterialsLighting, Private Yard
- Pets AllowedCats OK, Dogs OK
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- SubdivisionChaffee Park
- High SchoolWestminster
- BasementFinished
- Elementary SchoolHodgkins
- Original List Price$659,000
- MLS #6549159
- MLS #6549159
- Utility SourcePublic
- Taxes Annual$3,828
- Cost659000
- Property SubtypeDuplex
- Structure TypeDuplex
- CountyAdams
- Acres0.36
- Square Feet2192
- Year Built1952
- Bedrooms5
- Parking Spaces2
Location
Legal
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Virginia Sellars (#REC037570)
Listing Office: Keyrenter Property Management Denver (#REC87540)
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