5075-5085 Simms Pl Wheat Ridge CO 80033

Description

Prime investment opportunity in coveted Wheat Ridge! This updated side-by-side duplex offers modern amenities and strong income potential in a rapidly growing area. Located just 2 blocks from RTD Light Rail, 5 minutes from I-70 and Applewood, 10 minutes from Olde Town Arvada and Golden, 20 minutes from Denver, 30 minutes from Boulder, and 40 minutes from the airport. EACH side features 3 HUGE bedrooms, 2 baths, in-unit laundry, private yards, and spacious 2-car garages. Stylish updates include NEW FLOORING, NEW APPLIANCES, NEW WINDOWS, NEW ROOF with skylights, and NEW LANDSCAPING. At ~1800 square feet, 5085 features TWO FIREPLACES, an evaporative cooler, and a large bonus room/den. 5075 offers ~1500 square feet with central A/C, a sunroom with a wet bar, and a NEW DRIVEWAY. Separately metered for gas and electric with baseboard boiler heat and dedicated water heaters.

Opportunities abound for any living situation, including: - MULTIGENERATIONAL - age in place with NO STAIRS! - Cashflow with UPSIDE - get creative with cosmetic updates, conversions or rental strategy. - HOUSE HACK - reduce your mortgage by living in one side and renting the other (both live like SFH). - Buy and hold - stable rents with active development all around.

What's your rental strategy? Total current LTR rent is $5670/month - 5075 currently leased at $2835/mo through Feb 2026; 5085 leased 8/1/25-4/30/26 at $2835/month - with potential upside reaching $6K/mo if rents were increased to match market rate. MTR rents projected at $7-8K/mo with the new Lutheran Hospital just 5 min away attracting traveling nurses, or go STR with District 4's ONE remaining STR license (as of 6/23). Don't miss your chance to invest in this thriving location!