Classic 2 bedroom, one bath bungalow PLUS 1 bedroom, one bath ADU.
ADU rents at $1200+/month.
Property qualifies for 1.75% loan credit

3206 Madison, Denver, CO 80205

$595,000

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The main house at 3206 and 3210 Madison, a classic Auxiliary Dwelling Unit (ADU). Great location with easy access to EVERYWHERE - downtown, I-70, City Park, restaurants, coffee shops and the new park at the old golf course. Classic turn-of-the-century bungalow with flagstone steps leading to a covered front porch over-looking downtown and the front range; hardwood floors and high ceilings throughout, along with updated, spacious kitchen and full bath; the unfinished full basement space is just that - UNFINISHED but great storage space.

There’s a fully zoning approved separate one bedroom, one bath, Auxiliary Dwelling Unit (ADU) with separate gas and electric service and an attached over-sized one car garage that produces an easy $1200 per month revenue to help with your mortgage - it’s known as “3210 Madison.”

The property qualifies for Community Reinvestment Act (CRA) providing 1.75% of the loan amount as a credit towards the buyer’s closing costs, pre-paid and discount points-contact the listing agent for more details. The property, location, income stream, CRA contribution pretty much makes this one a no-brainer - act quickly or you’ll miss out. The property backs to the Clayton College campus (Clayton is an early childhood education facility) and thus it’s very quiet.

Listing courtesy of CLARKE REAL ESTATE