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Key Details
Sold Price $825,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 1,894 sqft
Subdivision Sloan'S Lake
MLS Listing ID 6791795
Sold Date 03/21/24
Style Ranch
Bedrooms 5
HOA Y/N false
Abv Grd Liv Area 1,894
Originating Board REcolorado
Year Built 1953
Annual Tax Amount $2,900
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Welcome to an outstanding real estate opportunity conveniently nestled near the picturesque SLOAN'S LAKE and near (0.2 mi) EMPOWER FIELD at Mile High, home to our beloved Denver Broncos and just 4 blocks from Sloan Lake. This property, located in one of the city's most sought-after neighborhoods, offers a unique blend of location, versatility, and potential.
This expansive property consists of two distinct units: Unit "A" features THREE BEDROOMS and one bathroom, while Unit "B" offers TWO BEDROOMS and one bathroom PLUS DEN, each unit with its own separate entrances. This arrangement is perfect for anyone seeking to maximize their investment by hosting long-term or (AIRBNB or VRBO) short-term rentals to help offset mortgage costs. Currently, the back unit is already rented, providing IMMEDIATE INCOME.
According to the Denver Zoning Code, what truly sets this property apart is its zoning status. It falls under the G-MU-3 zoning, allowing for a variety of future development possibilities with a maximum building height of three stories. This opens up the potential for compelling opportunity for future development or garage conversion for an additional unit.
Furthermore, ample parking space is available, thanks to a spacious 3-CAR GARAGE that is currently not rented and FOUR OFF-STREET parking spots. Whether you're an investor looking for a lucrative venture or a homeowner with a vision, this remarkable opportunity is not to be missed.
Location
State CO
County Denver
Area Metro Denver
Zoning G-MU-3
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Central Air, Room Air Conditioner, Ceiling Fan(s)
Appliance Dishwasher, Refrigerator, Washer, Dryer, Disposal
Exterior
Garage Tandem
Garage Spaces 3.0
Fence Partial
Utilities Available Natural Gas Available, Electricity Available
View City
Roof Type Composition
Handicap Access No Stairs
Porch Deck
Building
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer,Vinyl Siding,Concrete
New Construction false
Schools
Elementary Schools Cheltenham
Middle Schools Skinner
High Schools North
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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Bonnie & Josh Sherman
Broker Associate | FAFA100074934, FA100074801
Broker Associate FAFA100074934, FA100074801