$525,000
- Beds
- 3
- Baths
- 0.75
- sq ft
- 1,264
7109 W 61st Ave, Arvada, CO 80003
7109 W 61st Ave
Arvada, CO 80003
- 166 days on market
- Price drop $25,000↓
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!!
Details
Property type
Single Family Residence
Property condition
Fixer
Lot size
0.54 acres
Price per sq ft
$416
Year built
1947
Annual property taxes
$2,303
HOA
No
Price History
01/24/2025
REColorado #4222203
Price change
$525,000
-4.55%
01/18/2025
REColorado #4222203
Pending
$550,000
01/06/2025
REColorado #4222203
Price change
$550,000
-2.65%
Schools & Community
Neighborhood:
Lamar Heights
Elementary school:
Secrest
Middle school:
North Arvada
High school:
Arvada
High school district:
Jefferson County R-1
Status: Active
Tomo last checked: 02/02/2025 at 7:30 AM
Listing updated: 01/23/2025 at 5:46 PM
Listed by: Valerie Beaudoin, Berkshire Hathaway HomeServices Colorado Real Estate, LLC Phone #: (303) 289-7009
MLS: REColorado #4222203
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