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Delight in the charm of historic Palmer Lake paired with modern-day Short Term Rental investment potential in this meticulously remodeled gem.
The distinctive feature of this property is its unique and flexible layout, which can be partitioned into two separate living spaces. The downstairs unit is currently utilized as a short-term vacation rental, generating a monthly income. Sellers intend to transfer any upcoming bookings with sale.
The lower living unit shines with a well-equipped kitchen, cozy living areas, and chic bedrooms, making it a highly sought-after getaway for vacationers seeking the tranquility of the area. The upper unit, currently the owner's living space, mirrors the same charm and elegance, making it the perfect private retreat.
Additionally, the property's location in a serene, historic neighborhood, brimming with picturesque landscapes and walking distance to local amenities, significantly increases its appeal to both long-term renters and vacationers alike.
The possibilities of this home are boundless: Live in one unit while earning a substantial income from the other, rent both units out for double the profit, or occupy the entire space as a remarkable single-family home with space to spread out.
Enter the lower living space/ short term rental via the door behind the red gate to the right of the garage or through a spiral staircase in the backyard. Enter the upper level living space via the garage.
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DRIVE TIME TO BASE
Stable Population, Moderate Residential Turnover, Large Area(s) of Government Designated Parkland, Suburb of Colorado
| GreatSchools | School Name | Distance |
|---|---|---|
|
PALMER LAKE ELEMENTARY SCHOOL Public - Kindergarten to 6th Grade - Closest Elementry School |
0.4 Miles |
|
PALMER RIDGE HIGH SCHOOL Public - 9th Grade to 12th Grade - Closest High School |
2.9 Miles |
|
ST. PETER CATHOLIC SCHOOL Catholic - Preschool to 8th Grade - Closest Middle School |
3 Miles |
|
LEWIS-PALMER MIDDLE SCHOOL Public - 7th Grade to 8th Grade |
3.3 Miles |
|
|
LEWIS-PALMER ELEMENTARY SCHOOL Public - Preschool to 6th Grade |
3.8 Miles |
|
|
MONUMENT CHARTER ACADEMY Public - Preschool to 8th Grade |
4.1 Miles |
|
|
LEWIS-PALMER HIGH SCHOOL Public - 9th Grade to 12th Grade |
4.1 Miles |
Property Summary: Located in the Glen Park Palmer Lake subdivision, 243 Walnut Avenue is a Single Family home for sale in Palmer Lake, CO 80133, listed at $738,500. Current listing information about 243 Walnut Avenue indicates the property features, 4 beds, 3 baths, and has approximately 2,393 square feet of living space, with a lot size of 0.11 acres, and was originally constructed in 1899. The current price per square foot is $309. The average price per square foot for properties in 80133 is $308. The average list prices for similar properties for sale is $674,583. To schedule a private showing of MLS# 1517551 at 243 Walnut Avenue in Glen Park Palmer Lake, contact your Palmer Lake real estate team at 719-338-7294.
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