7109 W 61st Avenue
Arvada, CO 80003
1974 sqft | 3 beds | 0.54 acres | #4222203
Description
EXCEPTIONAL INVESTMENT OPPORTUNITY: PRIME LOT FOR DEVELOPMENT!!!
Back on market; buyer financing fell through at the last minute!
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!!
Property Details
- Utility FeaturesCable Available, Electricity Connected, Internet Access (Wired)
- Utility SourceAgriculture/Ditch Water, Public
- Property SubtypeSingle Family Residence
- School DistrictJefferson County R-1
- BasementCellar, Partial
- Sewer InformationPublic Sewer
- Middle SchoolNorth Arvada
- CountyJefferson
- Property TypePurchase
- Original List Price$600,000
- Elementary SchoolSecrest
- MLS #4222203
- MLS #4222203
- SubdivisionRowans
- High SchoolArvada
- Taxes Annual$2,303
- Cost550000
- Structure TypeHouse
- Property ConditionFixer
- Acres0.54
- Square Feet1974
- Year Built1947
- Bedrooms3
- 3/4 Baths1
- Parking Spaces2
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Valerie Beaudoin (#REC066590)
Listing Office: Berkshire Hathaway HomeServices Colorado Real Estate, LLC (#RECIRE01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
