Wheat Ridge, CO 80033,5075 Simms Pl
Wheat Ridge, CO 80033,5075 Simms Pl
Wheat Ridge, CO 80033,5075 Simms Pl
Wheat Ridge, CO 80033,5075 Simms Pl
Wheat Ridge, CO 80033,5075 Simms Pl
Wheat Ridge, CO 80033,5075 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 Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 3,296 sqft

Subdivision Vista Ridge

MLS Listing ID 2224299

Style Ranch

Bedrooms 6

HOA Y/N false

Abv Grd Liv Area 3,296

Year Built 1980

Annual Tax Amount $4,674

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Income Property

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

Area Metro Denver

Zoning R-2 Residential-2

Direction Park on road or on 5085 side of the street.

Interior

Interior Features Wet Bar

Heating Forced Air, Baseboard

Cooling Central Air, Evaporative Cooling, Ceiling Fan(s)

Fireplaces Type 2+ Fireplaces, Electric

Fireplace true

Window Features Triple Pane Windows

Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Freezer, Disposal

Exterior

Garage Spaces 4.0

Fence Fenced

Utilities Available Natural Gas Available, Electricity Available, Cable Available

View Mountain(s)

Roof Type Composition

Handicap Access No Stairs

Porch Patio

Building

Lot Description Gutters, Lawn Sprinkler System, Corner Lot

Faces Southeast

Story 1

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories One

Structure Type Wood/Frame,Brick/Brick Veneer,Wood Siding,Concrete

New Construction false

Schools

Elementary Schools Vanderhoof

Middle Schools Drake

High Schools Arvada West

School District Jefferson County R-1

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Other Owner

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

Information and Real Estate Services (IRES)
Listed by Brittany Guimond • West and Main Homes Inc • britt@brittguimond.realtor,970-445-4741
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5075 Simms Pl