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$ 1,100,000
Est. payment | /mo
6,098 Sqft Lot
$ 1,100,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Washington Park West
MLS Listing ID 2245202
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $5,264
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 x 125 sqft
Property Sub-Type Improved Land
Property Description
Exceptional duplex development opportunity with potential for immediate cash flow! Seize this rare opportunity to build a brand-new duplex in the highly sought-after West Wash Park and unlock the potential for both immediate rental income and long-term property appreciation. The architectural plans have been meticulously crafted with attention to detail and are in the final stages of the permitting process, ensuring a smooth and expedited construction timeline. This advanced stage of planning minimizes potential delays and allows you to embark on your construction journey with confidence. With permits nearly finalized, you're poised to break ground and start building equity soon. Each unit of this duplex has been thoughtfully designed to offer luxurious living and modern amenities, creating an inviting and sophisticated ambiance. Open floor plans, 4 beds, 5 baths, fully finished basements, decks with incredible mountain views. Build estimates for these plans start at $1.6M. Do you prefer to start from scratch and use your own plans? Each side of the existing duplex was rented for $2100 a month before the tenant's leases ended last month. and rent out the other to generate substantial cash flow, potentially covering a significant portion of your mortgage and living expenses. This presents an ideal scenario for savvy investors and homeowners alike, offering a harmonious blend of comfortable living and financial prosperity. One block from Wash Perk Cafe. One block from Lincoln Elementary. Five short blocks to Wash Park. Contact the listing agent for more information.
Location
State CO
County Denver
Zoning U-SU-B
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Fence Full
View City, Mountain(s)
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Denver 1
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Other
Listing Terms 1031 Exchange, Cash, Other
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by GREEN DOOR LIVING REAL ESTATE • Liz@DenverNook.com,970-919-0447
GET MORE INFORMATION
Tammy Hein
Broker-Associate, REALTOR® | Lic# ER 40015768