$750,000
$750,000
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6,098 Sqft Lot
SOLD DATE : 03/18/2022
Key Details
Sold Price $750,000
Property Type Vacant Land
Sub Type Improved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Washington Park West
MLS Listing ID 6317206
Sold Date 03/18/22
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $2,988
Tax Year 2020
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Amazing opportunity to build a single family home or duplex in West Wash Park. 6,250sf lot which currently has a duplex that is rented to tenants. 1014 S Penn is rented for $1,400/month with a lease expiring on 8/26/22. 1016 S Penn is rented for $1,370/month with a lease expiring on 5/26/22. This is the perfect scenario to collect $2,770/month as you're working on design and permitting. Zoning is U-SU-B which typically allows for a single family -- Since there is a duplex already on the lot, the Seller has received a letter from the city stating you can demolish the duplex and build a new duplex in spite of the single unit zoning. Letter can be found in Supplements. Buyer and Buyer's agent are responsible to verify zoning and allowances.
Location
State CO
County Denver
Zoning U-SU-B
Interior
Fireplace N
Exterior
Garage No
Building
Lot Description Level
Sewer Public Sewer
Schools
School District Denver 1
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NorthPeak Commercial Advisors, LLC