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$725,000

Beds
3
Baths
1.75
sq ft
1,825

1516 N Lafayette St, Denver, CO 80218

1516 N Lafayette St

Denver, CO 80218

  • 7 days on market
    • Open house Nov 10
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.

Details

Property type

Single Family Residence

Lot size

6,250 sq ft

Price per sq ft

$398

Year built

1885

Annual property taxes

$3,380

Price History

11/01/2024
REColorado

REColorado #9729220

Listed
$725,000
+29.46%
09/24/2021
REColorado

REColorado #7240508

Sold
$560,000

Schools & Community

Neighborhood: 

City Park West

Elementary school: 

Wyatt

Middle school: 

Whittier E-8

High school: 

East

High school district: 

Denver 1

Status: Active

Tomo last checked: 11/08/2024 at 10:55 AM

Listing updated: 11/07/2024 at 11:26 AM

Listed by: Nikki Wiederaenders, Porchlight Real Estate Group Phone #: (303) 733-5335

MLS: REColorado #9729220

REColorado logo

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