5475 Primrose Lane, Denver, CO 80221 (MLS # 6549159)
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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
| DAYS ON MARKET | 33 | LAST UPDATED | 2/27/2025 |
|---|---|---|---|
| TRACT | Chaffee Park | YEAR BUILT | 1952 |
| GARAGE SPACES | 2.0 | COUNTY | Adams |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Hodgkins |
|---|---|
| Jr. High School | Josephine Hodgkins Leadership Academy |
| High School | Westminster |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer |
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Frame |
| EXTERIOR | Lighting, Private Yard |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 0.36 acre(s) |
| LOT DESCRIPTION | Many Trees, Near Public Transit |
| PARKING | Concrete, Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Chaffee Park |
| TAXES | 3828 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Virginia Sellars, Keyrenter Property Management Denver
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