5475 Primrose Ln new Save Request In-Person Tour Request Virtual Tour
Denver,CO 80221
Key Details
Property Type Single Family Home
Sub Type Income Property
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 false
Abv Grd Liv Area 2,192
Originating Board REcolorado
Year Built 1952
Annual Tax Amount $3,828
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Income Property
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
Area Metro Denver
Zoning R-2
Direction 54th and Federal
Rooms
Other Rooms Outbuildings
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Appliance Dishwasher,Refrigerator,Washer,Dryer,Microwave,Disposal
Exterior
Garage Spaces 2.0
Fence Partial
Roof Type Composition
Porch Patio
Building
Faces South
Story 2
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Hodgkins
Middle Schools Josephine Hodgkins Leadership Academy
High Schools Westminster
School District Westminster Public Schools
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
Virtual Tour https://www.zillow.com/view-3d-home/797c68fe-be32-4bb7-b12c-30c0c10a5c3d?setAttribution=mls&wl=true