Opportunity Awaits: Charming Bungalow with Potential for Rental Income in Denver
Welcome to this charming brick bungalow located at 1559 N Emerson ST, Denver, CO 80218. This property offers more than meets the eye, with its spacious three-car garage that presents an exciting opportunity. With the potential to be converted into an Accessory Dwelling Unit (ADU), this garage could provide extra living space or generate rental income, adding significant value to the property. Additionally, there are two dedicated parking spots in the front of the home, ensuring convenient parking for residents and guests.
What sets this property apart is its zoning classification of Residential Office 3 (G-RO-3). This zoning allows for various multi-unit and office building forms, including urban houses, duplexes, row houses, townhouses, and apartment buildings. The maximum height for buildings in this area is three stories, providing plenty of potential for future development. If you prefer to focus on enhancing the existing home, architectural plans and testing have already been conducted for finishing the basement, making it a seamless process for you.
The property boasts recent updates, including a new HVAC system, front windows, and roof, all completed in 2021. The kitchen appliances have also been replaced within the past two years, with the range featuring a new motherboard. These updates ensure a modern and comfortable living experience while preserving the historic charm of the home.
As you approach the bungalow, you'll be greeted by a delightful front porch, perfect for enjoying a morning cup of coffee or engaging in friendly neighborhood conversations. Inside, the living room becomes a cozy retreat with its enchanting fireplace. The large windows allow natural light to flood the space, creating a bright and cheerful atmosphere throughout the day. The adjacent dining area provides an elegant space for hosting gatherings, while the updated kitchen seamlessly blends modern amenities with historic character.
Step outside into the backyard, and you'll discover a serene oasis. The patio area becomes an ideal spot for al fresco dining and entertaining guests during warm summer evenings. This peaceful retreat allows you to unwind and enjoy the outdoors, right in the heart of the city.
Conveniently located, this property provides easy access to Denver's cultural and entertainment hubs. Local shops, restaurants, and parks are just a short stroll away, allowing you to experience the best of city living. Don't miss out on this incredible opportunity to own a charming bungalow with endless possibilities for growth and income potential.
Intrigued? Contact our team today to learn more about this listing or to explore other exciting opportunities in Denver's real estate market.
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