$715,000
FOR SALE1516 Lafayette Street
Denver, Co, 80218
MLS #9729220
Subdivision: Park Ave Add
Building: -
3 Beds
1/- Baths
1825 sqft
$ 391.78 /sqft
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.
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Listing Courtesy of: Porchlight Real Estate Group