MLS® ID: 6152416

5601 E Iowa Avenue

Denver, Colorado, 80224

$289,000 Active
  • - SQFT
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!
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Listing courtesy of COLORADO DREAM PROPERTIES

Amenities

  • Full baths
    0
  • Zip
    80224
  • Office name
    COLORADO DREAM PROPERTIES
  • Subdivision
    Virginia Village
  • Bedrooms
    0
  • Property type
    Land
  • Zoning type
    S-RH-2.5
  • Year built
    0
  • Sewer
    PublicSewer
  • Tax year
    2018
  • Agent name
    Bob Allen
  • Tax amount
    $ 2520.0
  • Purchase Type
    Active
  • Price Range
    $200k-$300k

Location

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