1516 Lafayette ST Open House Save Request In-Person Tour Request Virtual Tour
Denver,CO 80218
OPEN HOUSE
Sun Nov 10, 12:00pm - 2:00pm
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
HOA Y/N No
Originating Board recolorado
Year Built 1885
Annual Tax Amount $3,380
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
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
Rooms
Basement Partial,Unfinished
Main Level Bedrooms 2
Interior
Interior Features Ceiling Fan(s),High Ceilings,Laminate Counters,Open Floorplan,Pantry,Primary Suite,Smart Thermostat
Heating Forced Air
Cooling Central Air
Flooring Laminate
Fireplace N
Appliance Dishwasher,Range,Range Hood,Refrigerator
Exterior
Roof Type Composition,Other
Total Parking Spaces 4
Garage No
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Wyatt
Middle Schools Whittier E-8
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition None