1516 Lafayette Street
$725,000
3
2
2,090
2,090
$347
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.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.
- Listed by Nikki Wiederaenders • Porchlight Real Estate Group • Nwieder@porchlightgroup.com,720-878-2589
Property Details for 1516 Lafayette Street
Structure Type
House
LevelsTwo
Stories2
Subdivision NamePark Ave Add
AssociationNo
BasementYes
LISTING UPDATED: 11/08/2024 11:37 AM
Property Details for 1516 Lafayette Street
Status | Active |
---|---|
MLS # | 9729220 |
Days on Compass | 51 |
Taxes | $3,380 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential-Detached |
Year Built | 1885 |
Lot Size | 0.14 AC / 6,250 SF |
County | Denver County |
Building Information for 1516 Lafayette Street
Stories-Year Built1885Building Size-Lot Size0.14 AC / 6,250 SF
Property Information for 1516 Lafayette Street
Schools near 1516 Lafayette Street
This home is within Denver County 1 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Charter - | K to 5 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Cole Arts And Science Academy PublicPK to 5 | ||
Whittier K-8 School PublicPK to 8 | ||
University Preparatory School CharterK to 5 | ||
Wyatt Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.