1244 Stuart, Denver, CO 80204

$1,100,000
8
BD
4
BA
3,328
SqFt

Courtesy of RE/MAX ALLIANCE

List Price
$1,100,000
Type
Multifamily
Status
ACTIVE
MLS Number
9707577
Finished Sqft
3,328
Above Grade Sqft
3328
Total Sqft
3328
Subdivision
East Colfax
Sub-Area
East Colfax
Year Built
1978

Property Description

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.

Additional Information

School District
Denver 1
Elementary School
Colfax
Middle School
Lake Int'l
High School
West
Style
Contemporary
Zoned
G-MU-3
Lot Size
9,558
Acres
0.22
Contstruction
Brick, Frame
Taxes
$3,765
Tax Year
2021

Mortgage Calculator

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Calculator source: Real Geeks


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