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$565,000

Beds
3
Baths
0.75
sq ft
1,264

7109 W 61st Ave, Arvada, CO 80003

7109 W 61st Ave

Arvada, CO 80003

  • 95 days on market
    • Price drop $10,000↓
EXCEPTIONAL INVESTMENT OPPORTUNITY: PRIME LOT FOR DEVELOPMENT!!! 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

$447

Year built

1947

Annual property taxes

$2,303

Price History

11/19/2024
REColorado

REColorado #4222203

Price change
$565,000
-1.74%
09/25/2024
REColorado

REColorado #4222203

Price change
$575,000
-4.17%
08/19/2024
REColorado

REColorado #4222203

Listed
$600,000

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: 11/22/2024 at 5:05 PM

Listing updated: 11/19/2024 at 7:56 AM

Listed by: Valerie Beaudoin, Berkshire Hathaway HomeServices Colorado Real Estate, LLC Phone #: (303) 289-7009

MLS: REColorado #4222203

REColorado logo

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