1516 Lafayette ST Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80218
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
Year Built 1885
Annual Tax Amount $3,380
Tax Year 2023
Lot Size 6,098 Sqft
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
Interior
Heating Forced Air
Cooling Central Air
Flooring Laminate
Exterior
Roof Type Composition,Other
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Wyatt
Middle Schools Whittier E-8
High Schools East
School District Denver 1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition None