Wheat Ridge, CO 80033,5075-5085 Simms PL
Wheat Ridge, CO 80033,5075-5085 Simms PL
Wheat Ridge, CO 80033,5075-5085 Simms PL
Wheat Ridge, CO 80033,5075-5085 Simms PL
Wheat Ridge, CO 80033,5075-5085 Simms PL
Wheat Ridge, CO 80033,5075-5085 Simms PL
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$ 975,000
Est. payment | /mo

6 Beds

4 Baths

3,296 SqFt


$ 975,000
Est. payment | /mo

6 Beds

4 Baths

3,296 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,296 sqft

Price per Sqft $295

Subdivision Vista Ridge

MLS Listing ID 2224299

Style Traditional

Bedrooms 6

HOA Y/N No

Abv Grd Liv Area 3,296

Year Built 1980

Annual Tax Amount $4,674

Tax Year 2024

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Duplex

Source recolorado

Property Description

Prime investment opportunity in coveted Wheat Ridge! This updated side-by-side duplex offers modern amenities and strong income potential in a rapidly growing area. Located just 2 blocks from RTD Light Rail, 5 minutes from I-70 and Applewood, 10 minutes from Olde Town Arvada and Golden, 20 minutes from Denver, 30 minutes from Boulder, and 40 minutes from the airport. EACH side features 3 HUGE bedrooms, 2 baths, in-unit laundry, private yards, and spacious 2-car garages. Stylish updates include NEW FLOORING, NEW APPLIANCES, NEW WINDOWS, NEW ROOF with skylights, and NEW LANDSCAPING. At ~1800 square feet, 5085 features TWO FIREPLACES, an evaporative cooler, and a large bonus room/den. 5075 offers ~1500 square feet with central A/C, a sunroom with a wet bar, and a NEW DRIVEWAY. Separately metered for gas and electric with baseboard boiler heat and dedicated water heaters.

Opportunities abound for any living situation, including:
— MULTIGENERATIONAL — age in place with NO STAIRS!
— Cashflow with UPSIDE — get creative with cosmetic updates, conversions or rental strategy.
— HOUSE HACK — reduce your mortgage by living in one side and renting the other (both live like SFH).
— Buy and hold — stable rents with active development all around.

What's your rental strategy? Projected total LTR market rent is ~$6K/month (5075 currently leased at $2835/mo through Feb 2026), or MTR at $7-8K/mo with the new Lutheran Hospital just 5 min away attracting traveling nurses, or go STR with District 4's ONE remaining STR license (as of 5/14). Don't miss your chance to invest in this thriving location!

Location

State CO

County Jefferson

Zoning R-2 Residential-2

Interior

Interior Features Ceiling Fan(s), High Speed Internet, Laminate Counters, No Stairs, Primary Suite, Smoke Free, Wet Bar, Wired for Data

Heating Baseboard, Forced Air, Natural Gas

Cooling Central Air, Evaporative Cooling

Flooring Laminate, Linoleum, Tile, Vinyl

Fireplaces Number 2

Fireplaces Type Electric, Wood Burning

Fireplace Y

Appliance Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Garden, Private Yard, Rain Gutters

Parking Features Concrete, Dry Walled, Exterior Access Door, Finished Garage, Oversized, Oversized Door

Garage Spaces 4.0

Fence Full

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available

View Mountain(s)

Roof Type Composition

Total Parking Spaces 11

Garage Yes

Building

Lot Description Corner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Frame,Wood Siding

Schools

Elementary Schools Vanderhoof

Middle Schools Drake

High Schools Arvada West

School District Jefferson County R-1

Others

Senior Community No

Ownership Agent Owner

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo

Special Listing Condition None

Virtual Tour https://www.zillow.com/view-imx/17dff7c6-2f24-47b6-a9c9-e9491c36d459?setAttribution=mls&wl=true&initialViewType=pano

REColorado (REColorado MLS)
Listed by West and Main Homes Inc
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(303) 709-4908

alec@westdenveragent.com

2010 Youngfield St, Lakewood, CO, 80215, USA

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5075-5085 Simms PL