863 Fenton St, Lakewood, CO 80214

Property Description

Own two detached single-family homes on one spacious corner lot. That is $375,000 per detached house! Wow! While referred to as a "duplex", this unique property features two fully independent residences connected only by a shared portico/carport and must be sold together. Each home offers 4 bedrooms (1 non-conforming) and 2 bathrooms, delivering exceptional flexibility for investors, owner-occupants, or multi-generational families. Live in one home and rent the other, providing an opportunity to offset ownership costs while maintaining privacy and independence. This property is an ideal multi-generational or legacy property, allowing children, parents, or grandparents to live close by while maintaining separate homes and living spaces. The larger residence features beautiful hardwood floors, a generous kitchen, fresh paint, throughout and an expansive, finished, basement with high ceilings offering additional living, recreation, office, or storage space. The smaller of the two homes is a cozy, fully renovated 4 bedroom (1 non-conforming), 2 bath residence updated in 2022 with new cabinets, countertops, appliances, flooring, and fresh interior paint. Both homes have finished basements, adding valuable flexibility and usable space. Both residences are in good condition with strong rental appeal and quality finishes. Each home has separate water, electric, and gas meters, making utility management straightforward for leasing or separate occupancy. The generous corner lot may offer additional upside, including the potential to build a detached garage, ADU or explore the possibility of working with the City of Lakewood and/or Jefferson County to split/subdivide the lot into two separate parcels. Buyers to verify any redevelopment opportunities! A rare opportunity to own two detached homes on one parcel with strong income potential, multi-generational flexibility, and future value-enhancement possibilities. Don't miss this one!!