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Brandy Brown

brandy@exitrealtymtview.com +1(719) 373-9864

$1,980,000

Est. payment - /mo

3 Beds

5 Baths

3,374 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,374 sqft

Price per Sqft $586

MLS Listing ID 7987160

Style A-Frame,Bungalow

Bedrooms 3

HOA Y/N No

Abv Grd Liv Area 2,450

Year Built 2023

Annual Tax Amount $2,391

Tax Year 2025

Lot Size 2.380 Acres

Acres 2.38

Property Sub-Type Duplex

Source recolorado

Property Description

Don't miss this incredible investment opportunity in the Denver foothills. This stunning 2+ acre property, within walking distance of the trails in the Golden Gate Canyon State Park, features two structures, both with significant income potential. The first, a modern, Instagram-able, 2-bed, 2-bath A-Frame, built in 2023, has been an extraordinarily successful Airbnb - with 275 nights booked in the last 12 months at an average of over $500 per night - netting nearly $120,000 over that time. The second, a newly-built 1-bed, 1.5-bath ADU has city lights views and space to spread out. Either could be owner-occupied or rented on a 30-day+ basis, and one of them can be rented on a short term basis with a Gilpin County STR permit (and without a wait if owner-occupied). Assuming steady performance from the A-Frame as an STR and using very conservative assumptions for the rental of the ADU, you could easily achieve an 8%+ cap rate at this asking price. With a sought-after style you simply won't find anywhere else, privacy, views for miles, and a location practically in the State Park that's only 30 minutes from Golden, less than an hour from central Denver, and just over an hour from DIA, this investment promises enjoyment and performance for years to come whether you're looking for a primary residence with house-hacking potential, a weekend getaway, or an income-producing asset with upside for your portfolio.

Location

State CO

County Gilpin

Zoning Rural Residential

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Radiant Floor

Cooling None

Flooring Laminate, Tile, Vinyl

Fireplaces Number 2

Fireplaces Type Great Room, Wood Burning, Wood Burning Stove

Fireplace Y

Appliance Convection Oven, Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Self Cleaning Oven, Washer

Exterior

Exterior Feature Balcony, Lighting, Private Yard, Rain Gutters, Spa/Hot Tub

Fence None

Utilities Available Electricity Connected, Phone Available, Propane

View Mountain(s), Valley

Roof Type Composition,Metal

Total Parking Spaces 6

Garage No

Building

Lot Description Fire Mitigation, Foothills, Open Space, Rock Outcropping, Secluded

Foundation Concrete Perimeter

Sewer Septic Tank

Water Well

Level or Stories Two

Structure Type Concrete,Frame,Metal Siding,Wood Siding

Schools

Elementary Schools Gilpin County School

Middle Schools Gilpin County School

High Schools Gilpin County School

School District Gilpin Re-1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo

Listing Terms 1031 Exchange, Cash, Conventional, Jumbo

Special Listing Condition None

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Listed by Compass - Denver

Nearby School & Business

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Brandy Brown

+1(719) 373-9864

Broker/Owner | License ID: ER 100045879

Broker/Owner License ID: ER 100045879

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311 Pioneer RD Golden, CO 80403

Brandy Brown

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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Nearby School & Business

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