1516 Lafayette Street
Denver, CO 80218
2090 sqft | 3 beds | 1.75 baths | 0.14 acres | #9729220
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.
Property Details
- InteriorCeiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat
- Property SubtypeSingle Family Residence
- BasementPartial, Unfinished
- Middle SchoolWhittier E-8
- Sewer InformationPublic Sewer
- SubdivisionPark Ave Add
- Property TypePurchase
- School DistrictDenver 1
- Original List Price$725,000
- MLS #9729220
- MLS #9729220
- Utility SourcePublic
- CountyDenver
- Taxes Annual$3,380
- Cost725000
- Lot DescriptionLevel
- Elementary SchoolWyatt
- Structure TypeHouse
- Bathrooms1.75
- Acres0.14
- Square Feet2090
- Year Built1885
- High SchoolEast
- Bedrooms3
- Full Baths1
- 3/4 Baths1
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Nikki Wiederaenders (#REC55044816)
Listing Office: Porchlight Real Estate Group (#RECPORCH)
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