2540 S Kipling Lakewood, CO 80227
4 Beds
4 Baths
2,522 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,522 sqft
Subdivision Carmody Hillcrest
MLS Listing ID IRE5263034
Style Cottage,Contemporary
Bedrooms 4
HOA Y/N No
Year Built 1973
Annual Tax Amount $6,068
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Duplex
Source ires
Property Description
* 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
Location
State CO
County Jefferson
Community Carmody Hillcrest
Area Metro Denver
Direction Morrison Road and S. Kipling St go north to driveway. (Old Kipling not parkway)
Rooms
Basement Full
Interior
Interior Features Eat-in Kitchen
Heating Forced Air, Wood Stove
Cooling Central Air
Appliance Double Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Exterior
Parking Features Off Street
Garage Spaces 4.0
Fence Partial
Utilities Available Natural Gas Available, Electricity Available, Separate Meter Electricity, Separate Meter Gas
View Y/N Yes
View Mountain(s), City
Roof Type Composition
Porch Patio
Garage Yes
Building
Sewer Septic Tank
Water Well
Architectural Style Cottage, Contemporary
Level or Stories One
Structure Type Brick,Wood Siding,Concrete
New Construction false
Schools
Elementary Schools Green Gables
Middle Schools Carmody
High Schools Jefferson Dist R-1
School District Jefferson Dist R-1
Others
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Special Listing Condition Private Owner
Virtual Tour https://www.zillow.com/view-imx/b690166e-3002-46e3-a29e-ed95e4f9de6c?setAttribution=mls&wl=true&initialViewType=pano
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