1518 Hot Springs Ave, Cheyenne, WY 82001

Welcome home! This beautiful and spacious 5 Bedroom, 2 Bathroom ranch-style residence is perfectly situated on a large 0.32-acre corner lot, offering an exceptional lifestyle for anyone who needs room to roam. Boasting over 2,600 square feet of meticulously maintained living space, this property combines classic charm with modern functionality. RESIDENTIAL HIGHLIGHTS & AMENITIES BRIGHT, AIRY INTERIORS: -Step inside to find expansive living areas and large windows that ensure the home is flooded with natural light throughout the day. -Enjoy the warmth and elegance of hardwood flooring that extends across the main level. -Features a cozy wood-burning fireplace upstairs for gathering, and a second dedicated fireplace area in the basement living area, perfectly set up for a modern electric insert. -All 5 bedrooms are generously proportioned, providing comfort and privacy for all occupants. -Year-round comfort is guaranteed with Central AC. -The basement level has a large storage area, with a separate kitchen. PREMIER EXTERIOR & PARKING: -The rare 0.32-acre corner lot with back fencing, provides immense curb appeal and space for outdoor activities. -Benefit from beautiful mature landscaping and a high-efficiency irrigation system supplied by a private well, offering significant savings on water bills. -The home itself is connected to the city water supply. -A major asset is the extensive extra parking area, ideal for storing an RV, boat, trailers, or multiple vehicles, accommodating any hobby or lifestyle. INVESTOR CONSIDERATIONS & LEASE DETAILS While primarily listed as a spacious family home, this property offers compelling financial advantages for the right buyer. SECURE INCOME/DEFERRED OCCUPANCY: The property includes a strong, in-place lease agreement guaranteed through May 31, 2026. This provides a unique opportunity for buyers looking for guaranteed, immediate income as a turn-key investment, or for those who wish to secure their future residence now while having deferred occupancy. FUTURE VALUE-ADD POTENTIAL: Buyers should note the generous size of the lower level and are encouraged to investigate the possibility of permitting the basement as a legal second unit (Duplex/ADU). This potential value-add conversion could dramatically increase the property's utility and long-term investment value. DO NOT MISS THIS OPPORTUNITY! Schedule your showing today.