Description: Incredible house-hacking opportunity to generate 40k of annual STR income on the ADU or 80k on the main home. AND 14k rate buydown or closing costs credit available!
This historic Victorian home with a successful income-producing ADU in one of Denver’s hippest neighborhoods has so much charm with the big front porch, original fireplace surround + mantle, hardwood floors, and window casings. It has been updated to include a gorgeous kitchen with shaker cabinets, marble countertops + SS appliances, renovated bathrooms, skim-coated walls, new doors, windows, HVAC systems, smart thermostat, and updated plumbing + electric systems. The main level flows perfectly between the kitchen, living + dining spaces, and three well-sized bedrooms are conveniently located on the upper level. The modern ADU was fully permitted and built in 2019. It has a private entrance and is connected to the main house via an enclosed breezeway that provides separation between the homes.
The ADU has been extremely successful as a licensed short-term rental on Airbnb, and is an ideal house-hack for someone looking to cover/offset the mortgage. It's generated 40-50k in annual revenue, while still regularly blocking schedule for personal use. It would also make an excellent mid-term or long-term rental. It’s being sold furnished with all supplies so it's ready to rent ASAP! ADU has a large unfinished basement with an egress window allowing opportunity to add a second rental unit or additional finished living space.
MAIN HOUSE: 3bed, 2bath, 1631 finished SF + 206 SF basement. ADU: 1bed, 1bath, 550 finished SF + 550 basement. The private fenced-in front and back yards with low-maintenance turf offer great outdoor living space, and the prime location is hard to beat - located less than a block from the Santa Fe Arts District, minutes from South Broadway + Downtown, there are a plethora of local dining options, coffee shops, breweries and galleries just outside your front door!
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