Lovely 2 bed, 1 bath home in the heart of Old Town on a giant lot, not even one block from CSU, with NCB zoning and ally access! The home sits on just under 1/4 acre lot with convenient off-street parking, a detached garage, and additional parking via the alley. This property has unique potential for conversion into a multi-unit rental investment. Up to a 4-plex may be permitted under the current land use code for NCB zoning subject to the city development review. Accessory dwelling units (ADUs) may also be allowed. Adjacent properties to the north and south both have ADUs! Proposed updates to the land use code would allow for up to 6 units and will streamline the review process as well! The property has excellent rear alley access and an amazing premium location for a rental property. This home has a great mix of original built-in charm and on-trend updates. Recently updated kitchen - new LVP flooring, countertops, and paint. The primary bedroom features high ceilings, a floor-to-ceiling window, and a walk-in closet. Great back deck that is perfect for entertaining, the deck leads out to a massive backyard. Rent out the main house now and start working on the ADUs. Need more information, have questions, or want to schedule a showing - reach out to our team at [email protected], 970-460-4006.