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Home » Real Estate » CO » Arvada » 80003 » 7109 W 61st Ave, Arvada, CO, 80003
$575,000

7109 W 61st Ave, Arvada, CO, 80003

3 Beds
1 Bath
1,974 Square Feet
EXCEPTIONAL INVESTMENT OPPORTUNITY: PRIME LOT FOR DEVELOPMENT!!! Welcome to a unique investment opportunity in a highly sought-after area! This single-family home is situated on a generous lot with potential for significant future development. Boasting ample space, this property is zoned to allow the construction of up to three single family homes, a triplex, or a single family home plus a duplex, making it an ideal choice for investors or builders looking to maximize profitability. PROPERTY HIGHLIGHTS: Spacious Lot: A generous parcel offering the potential to build up to three homes, providing ample room for expansion and development. Prime Location: Minutes away from Olde Town's shops, galleries, restaurants, boutiques, coffee shops, live music, outdoor events Walkable: Olde Town is pedestrian-friendly and easy to stroll around. Location: Olde Town is also home to residential living and is a stop on the RTD's G Line commuter rail, which goes to Denver International Airport. Single-Family Home: A single family residence currently on the lot, offering immediate rental income or a comfortable living space while you plan your development project. Development Potential: Zoned for multi-home construction, this property offers exceptional flexibility and opportunities for maximizing investment value. INVESTMENT BENEFITS: High ROI Potential: With the ability to build multiple homes on a single lot, investors can significantly enhance their return on investment. Desirable Area: Benefit from a location that attracts interest from buyers/renters, ensuring strong marketability of new properties. Strategic Growth: Take advantage of the area's growth trends and rising property values to secure a lucrative development opportunity. Don't miss out on this rare chance to capitalize on a prime piece of real estate. Contact us today to explore the potential of this exceptional property!!
Offered By
Valerie Beaudoin vbeaudoin00@gmail.com,303-726-1847, Berkshire Hathaway HomeServices Colorado Real Estate, LLC

Property Details

Property Type Residential
Status Active
Bedrooms 3
Property Sub Type Residential-Detached
Square Feet 1,974
MLS # 4222203
Bathrooms (¾) 1

Market Trends

New Properties On Market
32
28% Increase In New Listings
Average Asking Price
$593,888
$67,997 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$327
$82 Decrease In List Price/Sq. Ft.
Average Days On Market
20
23 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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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 9/25/2024 at 6:07 pm