5075 Simms Pl Active Save Request In-Person Tour Request Virtual Tour
Wheat Ridge,CO 80033
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,296 sqft
Price per Sqft $295
Subdivision Vista Ridge
MLS Listing ID 2224299
Style Ranch
Bedrooms 6
Year Built 1980
Annual Tax Amount $4,674
Lot Size 0.350 Acres
Property Sub-Type Income Property
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
Interior
Heating Forced Air,Baseboard
Cooling Central Air,Evaporative Cooling,Ceiling Fan(s)
Fireplaces Type 2+ Fireplaces,Electric
Exterior
Garage Spaces 4.0
Fence Fenced
Utilities Available Natural Gas Available,Electricity Available,Cable Available
View Mountain(s)
Roof Type Composition
Building
Lot Description Gutters,Lawn Sprinkler System,Corner Lot
Story 1
Sewer City Sewer,Public Sewer
Water City Water
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
Special Listing Condition Other Owner
Virtual Tour https://www.zillow.com/view-imx/17dff7c6-2f24-47b6-a9c9-e9491c36d459?setAttribution=mls&wl=true&initialViewType=pano