$950,000
578 Galapago ST Denver, CO 80204
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$950,000
Est. payment /mo
9,147 Sqft Lot
UPDATED:
09/30/2024 03:25 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6136569
HOA Y/N No
Originating Board recolorado
Year Built 1908
Annual Tax Amount $4,748
Tax Year 2023
Lot Size 9,147 Sqft
Acres 0.21
Property Description
INVESTOR SPECIAL! 5 Unit, Multifamily Fix & Flip Opportunity in Baker; a highly desirable urban neighborhood of Denver. A mix of 3 bedroom and 2 Bedroom units. After Repair Value is $2.2M - $2.6M. Huge spread for experienced investors/developers. 4 Units are currently a shell, ready for permitting and construction. 4 separate living spaces above ground and an unfinished basement for potential to add a 5th unit. ALL 5 units are separately metered. Alternative Option: 2nd floor would make a wonderful penthouse. All units have access to a spectacular rooftop deck for a great common area. Views of mountains, permanently protected. Ceilings 11.5 feet high. Basement 7.5 feet high. There is a common wall agreement for the attached townhome next door that is separately owned. Victorian era type architecture, common in the Baker neighborhood. Buyer responsible for verifying all city requirements. Not in the historic district. Many were previously approved by the city, but approvals have expired. Construction & Development experience needed. Hurry, this won't last long!
Location
State CO
County Denver
Zoning U-RH-2.5
Interior
Fireplace N
Exterior
Roof Type Unknown
Garage No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Stucco
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Keller Williams Realty Urban Elite • MichelleDirect@kw.com,720-741-0613
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Natalie Olmsted
Broker Associate | License ID: EA100055370
Broker Associate License ID: EA100055370
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