MLS® ID: 6152416
5601 E Iowa Avenue
Denver, Colorado, 80224 $289,000
Amazing Development Opportunity*Duplex lot with fully approved building plans in Virginia Village*Build ready 7,096 sq.ft. corner duplex lot with no house to scrape*Approved plans for a front/back duplex with 2,800 finished sq.ft. per unit*$200k+ profit within a year (see proforma in photos)*Neighboring units currently under construction have appraised for $710k per side*New construction SFH's have sold recently for over $1.2mm three blocks away*Tremendous location with easy access to public transit, Cherry Creek, DTC & Downtown*No waiting for rezoning/design/permit reviews*Everything is complete & ready to be built*Seller has already spent $134,200 to get site ready for build (see breakdown in photos)*Detailed plans are available for review*Phase 1 has been completed*Sewer taps paid*S-RH-2.5 zoning with neighborhood approval for a duplex, rowhomes cannot be built on this lot*This opportunity will be listed briefly & if not sold, current land owner will hold & develop, so act fast!