Metro Denver Luxury Homes For Sale
Property Description
Calling all Investors, Developers, and Homebuyers. Zoned G-RO-3, this home has something for everyone! Looking to offset your mortgage? Add an ADU. Nearby short and mid-term rentals are earning $20-45k/year! Average long-term rent is $3,200 for the existing structure with approximate cap rate of 4.3% and for an ADU it’s 14%. Great rental potential if you are looking to hold and then develop. The 6,250 sqft lot is well suited for a duplex or multi-unit with room for a garage/ADU.
Features
: Forced Air
: Central Air
: Partial, Unfinished
: Front Porch
: 4
: Dishwasher, Range, Refrigerator, Range Hood
: Other, Composition
: Public Sewer
Address Map
CO
Denver
Denver
80218
Lafayette
1516
Street
W105° 1' 45.7''
N39° 44' 25.7''
Additional Information
: Brick
Wyatt
: Laminate
East
: Pantry, High Ceilings, Open Floorplan, Smart Thermostat, Ceiling Fan(s), Laminate Counters, Primary Suite
Yes
Yes
1031 Exchange, Cash, Conventional, FHA, VA Loan
: Level
Whittier E-8
Porchlight Real Estate Group
2354-29-007
: None
: House
Park Ave Add
$3,380
2023
G-RO-3
11/01/2024
2090
Active
Denver 1
Denver 1
Denver 1
11/08/2024
11/01/2024
Public
: Two
Park Ave Add
1516 Lafayette Street, Denver, CO 80218
3 Bedrooms
2 Total Baths
1,825 Square Feet
$725,000
Listing ID #9729220
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 9729220
Price : $725,000
Bedrooms : 3
Rooms : 10
Total Baths : 2
Full Bathrooms : 1
3/4 Bathrooms : 1
Square Footage : 1,825 Square Feet
Year Built : 1885
Lot Area : 6,250 Acres
Lot Acres : 0.14
Property Sub Type : Single Family Residence
Status : Active
Originating System Name : REcolorado
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