537 N Elm St offers the kind of value-add opportunity investors are constantly searching for in the Cortez market. This property sits on a generous lot with alley access, mature trees, and multiple exterior structures. The location is central and convenient for those looking to be in town. The interior provides substantial square footage to work with, including a large galley kitchen, two separate living areas and multiple spaces that can be reconfigured into additional bedrooms or functional layouts. The home has solid bones and a layout that can be modernized while still offering plenty of room for value appreciation. Many original features remain, giving investors the option to restore vintage character or start fresh with a full remodel. Outside, the property includes a covered parking area, fenced yard, and outbuildings—components that can be revitalized to strengthen resale or rental appeal. The backyard’s open layout and courtyard-like areas add to the potential for creating attractive outdoor living spaces or expanding utility options.