Listing Courtesy of: Nwieder@porchlightgroup.com,720-878-2589 - Nikki Wiederaenders - Porchlight Real Estate Group
303-733-5335
$725,000
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1516 Lafayette Street Denver, CO 80218
Single Family
Residence
3
Beds
2
Baths
1,825
Sq. Ft.
0.14
Acre
Lot
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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.
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MLS#
9729220
Property Type
Single Family
Status
Bedrooms
3
Bathrooms
1 Full
Year Built
1885
Square Feet
1,825
sq. ft
Lot Size
0.14
Stories
2.0
Sewer
Public Sewer
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