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TWO HOMES and a GREAT LOCATION 2 bedroom bungalow + 1 bdrm ADU with garage 1.75% lender credit + rental income
TWO HOMES and a GREAT LOCATION 2 bedroom bungalow + 1 bdrm ADU with garage 1.75% lender credit + rental income
3206 Madison, Denver, CO 80205
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The main house at 3206 Madison and the Auxiliary Dwelling Unit (ADU) 3210 Madison enjoy a superb 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 and great storage space, just awaiting your creative touch.
There’s a fully 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.
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