Denver, CO 80218,1516 Lafayette ST
Denver, CO 80218,1516 Lafayette ST
Denver, CO 80218,1516 Lafayette ST
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$725,000
Est. payment /mo
3 Beds
2 Baths
1,825 SqFt

UPDATED:

11/08/2024 06:37 PM

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

Abv Grd Liv Area 1,825

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

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


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REColorado (REColorado MLS)
Listed by Porchlight Real Estate Group • Nwieder@porchlightgroup.com,720-878-2589

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Natalie Olmsted

+1(719) 287-8067

Broker Associate | License ID: EA100055370

Broker Associate License ID: EA100055370

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