7109 W 61st AVE, Arvada, CO 80003 - MLS#4222203

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $454

Subdivision Rowans

MLS Listing ID 4222203

Style Traditional

Bedrooms 3

Three Quarter Bath 1

HOA Y/N No

Originating Board recolorado

Year Built 1947

Annual Tax Amount $2,303

Tax Year 2023

Lot Size 0.540 Acres

Acres 0.54

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY: PRIME LOT FOR DEVELOPMENT!!!

Welcome to a unique investment opportunity in a highly sought-after area! This single-family home is situated on a generous lot with potential for significant future development. Boasting ample space, this property is zoned to allow the construction of up to three single family homes, a triplex, or a single family home plus a duplex, making it an ideal choice for investors or builders looking to maximize profitability.

PROPERTY HIGHLIGHTS:

Spacious Lot: A generous parcel offering the potential to build up to three homes, providing ample room for expansion and development.
Prime Location: Minutes away from Olde Town's shops, galleries, restaurants, boutiques, coffee shops, live music, outdoor events
Walkable: Olde Town is pedestrian-friendly and easy to stroll around.
Location: Olde Town is also home to residential living and is a stop on the RTD's G Line commuter rail, which goes to Denver International Airport.
Single-Family Home: A single family residence currently on the lot, offering immediate rental income or a comfortable living space while you plan your development project.
Development Potential: Zoned for multi-home construction, this property offers exceptional flexibility and opportunities for maximizing investment value.

INVESTMENT BENEFITS:

High ROI Potential: With the ability to build multiple homes on a single lot, investors can significantly enhance their return on investment.
Desirable Area: Benefit from a location that attracts interest from buyers/renters, ensuring strong marketability of new properties.
Strategic Growth: Take advantage of the area's growth trends and rising property values to secure a lucrative development opportunity.
Don't miss out on this rare chance to capitalize on a prime piece of real estate. Contact us today to explore the potential of this exceptional property!!

Location

State CO

County Jefferson

Zoning R-6

Rooms

Basement Cellar,Partial

Main Level Bedrooms 3

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Laundry In Unit

Exterior

Garage Spaces 2.0

Fence Partial

Utilities Available Cable Available,Electricity Connected,Internet Access (Wired)

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Story One

Sewer Public Sewer

Water Agriculture/Ditch Water,Public

Level or Stories One

Structure Type Block,Vinyl Siding

Schools

Elementary Schools Secrest

Middle Schools North Arvada

High Schools Arvada

School District Jefferson County R-1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange,Cash

Listing Terms 1031 Exchange,Cash

Special Listing Condition None