Courtesy of RE/MAX ALLIANCE
This is currently a 4-unit apartment building - but much more is possible. Fully entitled and permit approved for a 13-unit condominium building just steps from the Perry St Light Rail station overlooking Lakewood Dry Gulch Park. Plans include; four 2-bed/2bath units, nine 1-bed/1-bath units, and 13 covered parking spaces. Each unit includes its own private outdoor space. Lots of versatility: Rent the entire building, sell part and keep part, or sell the entire thing. You can also sell/lease the parking spaces separate from the apartments. There is currently a four-unit apartment building on the 9800 sq. ft. lot. Two units are ready to rent. With a little cleaning up they could each generate $1,600 per month and a 6-cap. Rent it as-is, or avoid the 24-month design and approval period and get started building the day you close. As an added bonus, this project is not subject to Denver's new affordable housing restrictions and fees.
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