505 S Roosevelt Ave, Lafayette, CO 80026 (MLS # 1021224)

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PRICE $875,000 BEDS 4 BATHS 2 HOME SIZE 2,446 sqft LOT SIZE 6,970 sqft Request More Info Schedule a Showing

Unique opportunity - single family living with an attached apartment or your next multi-family investment! This is your chance to own a charming cottage-style duplex in Old Town Lafayette one block off S. Public Rd. Walk to restaurants, shops, festivals, Lafayette Elementary and more. This property enjoys 2486 sf that boasts two separately addressed homes under one roof. The upper unit offers the feel of a 1406 sf single family home with 2 bedrooms, 1 bath. Enter into a vintage living/dining area tastefully improved in 2018 with beautiful wood finishes, stylish fixtures and accents. Work in a quiet office nook, just off the dining area, on a locally-milled elm desk. A large eat-in kitchen follows with original hand-crafted cabinetry, updated countertops and stainless gas appliances. Beyond the two cozy bedrooms and bath is a large, added great room filled with natural light that is currently used as a 3rd bedroom. Storage and parking are no problem with an oversized 660 sf attached garage, and room for two cars off the alley in the back of the property. A side yard, fully enclosed by an attractive cedar and corrugated metal fence, provides space to play, garden and enjoy outdoor privacy. This is the perfect home for small families that want to be close to it all. The lower level unit offers 1040 sf with another 2 bedrooms and 1 bath in a garden level space facing out into a common front yard under the shade of two huge trees. A small, private, fenced area with storage shed gives the lower unit additional storage and space to use. This second unit provides significant additional investment income, the prefect off set to your costs while you live upstairs or separate space for visiting family members. Common utilities make it more efficient to follow a maintenance schedule and keep up with bills, while creating the potential for cost saving. Don't let this opportunity pass you by!