$550,000

Estimated payment $3,313/month

Total Views 1,262
2 Beds
2 Baths
1,224 Sq Ft
$449 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Pine Trees
  • No HOA
  • Parmalee Elementary School Rated A-
  • Wood Flooring
  • Rustic Architecture

About This Home

Investor Opportunity – Income Property in Indian Hills. Discover the perfect blend of rustic charm, modern comfort, and reliable rental income at 5235 Cheyenne Rd in the scenic community of Indian Hills. This well-maintained 2-bedroom, 2 bathroom home offers 1,224 square feet of living space, featuring hardwood floors, a cozy wood-burning fireplace, and generously sized bedrooms. The functional kitchen includes ample storage and everything needed for everyday living. Currently leased through March 2026, this property presents a turnkey investment opportunity with consistent rental income already in place. Additional highlights include high-speed Xfinity internet—ideal for remote work, public water—no well, off-street parking, and a washer and dryer. Situated on a peaceful quarter-acre lot with an inviting deck and wooded views, the home offers easy access to outdoor recreation at nearby Mt. Falcon and Pence Park. Located just off Parmalee Gulch Road and only 5 minutes from Highway 285, the commute to Denver is smooth and convenient. Indian Hills is known for its friendly community and beautiful natural surroundings, making this a desirable location for tenants and investors alike. Don’t miss the chance to own an income-producing property in one of Colorado’s most charming mountain neighborhoods.

Listing Agent

Tammy Drozda

Madison & Company Properties Brokerage Email: tammy@madisonprops.com,720-308-1652 License #100082219

Madison & Company Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,913

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot
  • Dirt Road
  • Dog Run
  • Partially Fenced Property
  • Lot Has A Rolling Slope
  • Pine Trees
  • Many Trees
  • Property is zoned MR-3

Home Design

  • Rustic Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Dirt Driveway

Outdoor Features

  • Front Porch

Schools

  • Parmalee Elementary School
  • West Jefferson Middle School
  • Conifer High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Indian Hills 2Nd Flg Subdivision
  • Foothills

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Assessor Parcel Number 046908

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,913

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Rustic Contemporary
  • Structure Type: House
  • Levels: One
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 1224
  • Current Use: Live/Work
  • Exclusions: Tenants Personal Property
  • Living Area: 1224
  • Directions: From downtown Evergreen: Head east on Co Rd 74 towards Kittredge, turn right onto Myers Gulch Road/Parmalee Gulch Road, turn right onto Giant Gulch Road, take first left on Cheyenne Road, home is on the right. From Denver: Take US-285 South towards Fairplay, turn right on Parmalee Gulch Road, turn left onto Giant Gulch Road, take the first left on Cheyenne Road, home is on the right.
  • SubdivisionName: Indian Hills 2nd Flg
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • REC_WaterIncludedYN: 1
  • Attribution Contact: tammy@madisonprops.com,720-308-1652
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Laminate Counters, No Stairs, Primary Suite
  • Flooring: Carpet, Laminate, Wood
  • Fireplace Features: Living Room, Wood Burning
  • Full Bathrooms: 2
  • Basement: No
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding
  • Exterior Features: Dog Run
  • Patio and Porch Features: Front Porch
  • Road Frontage Type: Public
  • Road Surface Type: Dirt

Garage/Parking

  • Parking Features: Driveway-Dirt
  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Electric: 110V
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: West Jefferson

Lot Info

  • Horses: No
  • Parcel Number: 046908
  • Lot Size Acres: 0.25
  • Fencing: Partial
  • Building Area Total: 1224
  • Lot Features: Foothills, Many Trees, Rolling Slope
  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2913

MLS Schools

  • Elementary School: Parmalee
  • High School: Conifer

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,919 $26,696 $7,460 $19,236
2023 $2,919 $26,696 $7,460 $19,236
2022 $2,442 $21,316 $4,754 $16,562
2021 $2,447 $21,930 $4,891 $17,039
2020 $2,206 $19,658 $4,591 $15,067
2019 $2,164 $19,658 $4,591 $15,067
2018 $1,944 $16,969 $3,491 $13,478
2017 $1,780 $16,969 $3,491 $13,478
2016 $1,917 $17,222 $5,163 $12,059
2015 $1,724 $17,222 $5,163 $12,059
2014 $1,724 $14,570 $4,373 $10,197
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 For Sale $550,000 -- $449 / Sq Ft
Source: REcolorado®

Deed History

Date Type Sale Price Title Company
Warranty Deed $250,000 Mdt
Interfamily Deed Transfer -- --
Warranty Deed $500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $55,100 Credit Line Revolving
Open $200,000 Purchase Money Mortgage
Source: Public Records

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APN: 50-171-02-048