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$725,000
1516 Lafayette St, Denver, CO, 80218
3
Beds
2
Baths
2,090
Square Feet
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.
Offered By
Nikki Wiederaenders Nwieder@porchlightgroup.com,720-878-2589, Porchlight Real Estate Group
Property Details
Property Type
Residential
Status
Active
Bedrooms
3
Bathrooms (Full)
1
Property Sub Type
Residential-Detached
Square Feet
2,090
MLS #
9729220
Bathrooms (¾)
1
Appliances
Dishwasher, Refrigerator
Heating
Forced Air
Cooling
Central Air, Ceiling Fan(s)
SEWER
City Sewer, Public Sewer
WATER SOURCE
City Water
Year Built
1885
Basement
Partial, Unfinished
FINISHED BASEMENT SIZE
265.0
Roof
Composition, Other
Lot Features
Level
Garage spaces
4
CITY
Denver
SUBDIVISION
Park Ave Add
COUNTY
Denver
AREA
Metro Denver
STATE
CO
SENIOR COMMUNITY
No
TAX AMOUNT
3380.0
LATEST UPDATE
2024-11-09T13:03:01.936Z
DAYS ON MARKET
8
PRICE CHANGE(S)
$725,000 Nov 1, 2024
CUMULATIVE DAYS ON MARKET
8
Property Details
Property Type
Residential
Status
Active
Bedrooms
3
Bathrooms (Full)
1
Property Sub Type
Residential-Detached
Square Feet
2,090
MLS #
9729220
Bathrooms (¾)
1
New Properties On Market
29
Average Asking Price
$838,203
$58,583 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$510
$12 Increase In List Price/Sq. Ft.
Average Days On Market
20
25 Day
Decrease In Days On Market
Data as of Nov 15, 2024.
Remaining statistics above are calculated on activity within the period from Sep 01, 2024 to Oct 31, 2024.
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Loan Type
Down Payment
HOA Dues
Interest Rate
Estimated Property Taxes
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Information deemed reliable but not guaranteed by the MLS.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES.
Property data was last updated on 11/9/2024 at 10:11 am