2540 S Kipling St, Lakewood, CO 80227
- $1,049,000
- 4
- BD
- 4
- BA
- 2,522
- SqFt
Listing courtesy of Micki Carwin.
micki@denverprop.com,303-551-4572
- List Price
- $1,049,000
- Status
- ACTIVE
- Price Change
- ▼ $100,000 1784271365
- MLS#
- 5263034
- Subtype
- Residential Income
- Style
- Cottage, Contemporary
- Year Built
- 1973
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,522
- Acres
- 1
- Subdivision
- Carmody Hillcrest
- Neighborhood
- Metro16/JSC
- MLS Area Major
- Metro Denver
Property Description
House Hack on a Full Acre Collect $2,300/mo from a Tenant Already in PlaceTwo fully independent residences on one deed, one loan. Live in the main house. Cottage has a tenant in place - no lease-up period, no vacancy risk to underwrite on day one. * Current cottage rent: $2,300/month + pet rent, month-to-month * Gross annual income from cottage: $27,600+ * Well and septic on both homes - no city water/sewer utility expense, which is a real line-item difference in Colorado * Owned solar system (paid off, transfers to buyer) - reduces main house carrying cost further Why This Pencils Differently Than a Typical SFR Most single-family homes don't generate income while you live in them. This one does. Note that this isn't a fully-rented investment property with a cap rate to calculate - you're occupying the main house, so the $27,600/year from the cottage is best thought of as a direct offset to your mortgage and carrying costs, not a return on the full property value. For a buyer comparing this to a typical SFR purchase, the comparison that matters is: same house, minus roughly $2,300/month in housing cost, because someone else is paying it. Ask your lender how this property's existing lease applies to your specific loan program for qualifying purposes. The Main House 4BR/3BA (two bedrooms non-conforming, in a walk-out basement with its own private entrance - functionally a separate living space within the home), 200-degree mountain and city views, 5-burner gas range kitchen, owned solar, central wood stove, central AC, main-floor laundry. The Cottage 2BR/1BA, central AC, currently tenant-occupied at $2,300/mo + pet rent on a flexible month-to-month lease. Has its own white picket-fenced yard, fully separate from the main house's yard - genuine privacy and separation, not a shared backyard arrangement. MTM lease means a buyer can keep the income running indefinitely or transition the space on their own timeline. Carmody Hillcrest neighborhood, Jeffco schools
Additional Information
- Interior Features
- Eat-In Kitchen
- Taxes
- $6,068
- Property Description
- Cottage, Contemporary
- Appliances
- Double Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
- Heating
- Forced Air, Wood Stove
- Air Conditioning
- Central Air
- Levels
- One
- Roof
- Composition
- Parking Features
- Off Street
- Garage Spaces
- 4
- School District
- Jefferson Dist R-1
- Elementary School
- Green Gables
- Middle School
- Carmody
- High School
- Bear Creek
- View
- Mountain(s), City
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