Homes for sale - 5475 Primrose LN, Denver, CO 80221

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Cody Walker

cody@sourceofhome.com +1(970) 528-0604

$635,000

Est. payment - /mo

5 Beds

3 Baths

1,996 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,996 sqft

Price per Sqft $318

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

QUALIFIES FOR DSCR AND AIRBNB LOAN! Welcome to this CASH FLOW up-down duplex! 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

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Listed by Keyrenter Property Management Denver • virginia@keyrenterdenver.com,720-468-8276

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Cody Walker

+1(970) 528-0604

Agent | FA.100072314

Agent FA.100072314

5475 Primrose LN Denver, CO 80221

Cody Walker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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