Homes for sale - 1516 Lafayette ST, Denver, CO 80218

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$725,000

Est. payment - /mo

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3 BD

2 BA

1,825 SqFt

Active

1516 Lafayette ST Denver, CO 80218

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Jerid Wempen

jerid@titanonerealty.com +1(720) 297-4020

UPDATED:

11/08/2024 06:37 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,825 sqft

Price per Sqft $397

Subdivision Park Ave Add

MLS Listing ID 9729220

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 1,825

Originating Board recolorado

Year Built 1885

Annual Tax Amount $3,380

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property 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.

Location

State CO

County Denver

Zoning G-RO-3

Rooms

Basement Partial, Unfinished

Main Level Bedrooms 2

Interior

Interior Features Ceiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat

Heating Forced Air

Cooling Central Air

Flooring Laminate

Fireplace N

Appliance Dishwasher, Range, Range Hood, Refrigerator

Exterior

Roof Type Composition,Other

Total Parking Spaces 4

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Wyatt

Middle Schools Whittier E-8

High Schools East

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by Porchlight Real Estate Group • Nwieder@porchlightgroup.com,720-878-2589

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Jerid Wempen

Broker

+1(720) 297-4020