5075-5085 Simms Place
Wheat Ridge, CO 80033
3296 sqft | 6 beds | 3.5 baths | 0.35 acres | #6309211
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!
Property Details
- InteriorCeiling Fan(s), High Speed Internet, Laminate Counters, No Stairs, Pantry, Primary Suite, Smoke Free, Wet Bar
- Lot DescriptionCorner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
- Utility FeaturesElectricity Connected, Internet Access (Wired), Natural Gas Connected
- Exterior MaterialsGarden, Private Yard, Rain Gutters
- Property SubtypeSingle Family Residence
- School DistrictJefferson County R-1
- FoundationConcrete Perimeter
- Property ConditionUpdated/Remodeled
- Sewer InformationPublic Sewer
- ViewMountain(s)
- SubdivisionVista Ridge
- High SchoolArvada West
- Elementary SchoolVanderhoof
- CountyJefferson
- Property TypePurchase
- Original List Price$975,000
- MLS #6309211
- MLS #6309211
- Utility SourcePublic
- Taxes Annual$4,674
- Cost975000
- Structure TypeDuplex
- Middle SchoolDrake
- Acres0.35
- Square Feet3296
- Year Built1980
- Bathrooms3.5
- Fireplaces2
- Bedrooms6
- Full Baths2
- 3/4 Baths2
- Parking Spaces4
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Brittany Guimond (#REC55059243)
Listing Office: West and Main Homes Inc (#RECWMAIN)
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