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Cody Walker

cody@sourceofhome.com +1(619) 733-2250

$500,000

Est. payment - /mo

4 Beds

3 Baths

2,200 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $227

Subdivision Westminster Hills

MLS Listing ID 9787058

Style Traditional

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 1,100

Year Built 1955

Annual Tax Amount $2,854

Tax Year 2024

Lot Size 6,600 Sqft

Acres 0.15

Property Sub-Type Single Family Residence

Source recolorado

Property Description

Currently operated as a rent-by-the-room property, the home generates $3,225 per month in existing rental income, with potential for approximately $4,075 per month when the third upstairs bedroom is leased at market rates. An owner-occupant could purchase with as little as 5% down, or potentially as little as $1,000 total out of pocket through certain financing programs (ask listing agent for details), and live in the currently vacant bedroom while collecting rent from the other tenants. Based on a purchase price of $500,000 with 5% down at 6.125%, estimated monthly PITI including PMI is approximately $3,458, resulting in an effective out-of-pocket housing cost of roughly $233 per month before utilities, maintenance, vacancy, and other ownership expenses. For investors, a 20% down payment produces an estimated monthly PITI of approximately $2,902, which is covered by current rents and offers additional upside when the final bedroom is leased. This 4-bedroom plus office, 2.5-bath home offers exceptional flexibility with two full kitchens and multiple living areas, including a finished basement that functions as a private suite with bedroom, bath, office, kitchen, and living space. Major updates include a new sewer line and a fully fenced backyard. Plenty of off street parking. Located in a highly convenient area with quick access to major highways, shopping, dining, and everyday amenities. Current leases for the upstairs bedrooms run through June and July 2026, and the basement lease extends through February 2027, providing both immediate income and staggered future flexibility. All figures are estimates provided for illustrative purposes only; utilities are not included, and buyers and buyer's agents should independently verify all rental income, expenses, lease terms, and financing assumptions for accuracy. ADU, mother-in-law suite, house hack opportunity, kitchenette, pad split.

Location

State CO

County Adams

Rooms

Basement Finished

Main Level Bedrooms 3

Interior

Interior Features In-Law Floorplan, Quartz Counters, Smoke Free

Heating Forced Air

Cooling Central Air

Flooring Carpet, Tile, Wood

Fireplace Y

Appliance Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Lighting, Private Yard, Rain Gutters

Parking Features Concrete, Unpaved, Oversized

Fence Full

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

View Mountain(s)

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Frame,Vinyl Siding

Schools

Elementary Schools Harris Park

Middle Schools Shaw Heights

High Schools Westminster

School District Westminster Public Schools

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

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Listed by eXp Realty, LLC

Nearby School & Business

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Cody Walker

+1(619) 733-2250

Agent | FA.100072314

Agent FA.100072314

8031 Stuart ST Westminster, CO 80031

Cody Walker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information