Fully entitled and permit approved for a 13-unit condominium building just steps from the Perry St Light Rail station overlooking Lakewood Dry Gulch Park. Plans include; four 2-bed/2bath units, nine 1-bed/1-bath units, and 13 covered parking spaces. Each unit includes its own private outdoor space. Lots of versatility: Rent the entire building, sell part and keep part, or sell the entire thing. You can also sell/lease the parking spaces separate from the apartments. There is currently a four-unit apartment building on the 9800 sq. ft. lot. Two units are ready to rent. With a little cleaning up they could each generate $1,600 per month and a 6-cap. Rent it as-is, or avoid the 24-month design and approval period and get started building the day you close. As an added bonus, this project is not subject to Denver's new affordable housing restrictions and fees.
ABOUT 1244 Stuart, Denver, CO 80204 - MLS 9707577
In Denver County, this property is located at 1244 Stuart in the East Colfax neighborhood of Denver, with a current listing price of $1,100,000. This 3328 square foot quadruplex for sale has 8 bedrooms and 4 baths.
For more information about 1244 Stuart, see more details below as entered by the listing brokerage, including property taxes, year built, assigned schools, type of construction, exterior and interior features, locations, views, and any neighborhood amenities in East Colfax.
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Features / Amenities
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