2837 West 25th Avenue, Denver, CO 80211

$880,000
14
BD
7
BA
1,004
SqFt
List Price
$880,000
Type
Multifamily
Status
ACTIVE
MLS Number
7760299
Total # of Units
7
Total Sqft
1,004
Finished Sqft
1004
Sub-Area
Jefferson Park
Year Built
2019

Property Description

City Approved opportunity to build a conforming Airbnb business. Land zoned for hospitality use, and concept plan has been submitted and approved by the city. Units can be configured to suit operator preferences. 15 studio units, or 7 two bedroom units possible. This lot falls under the small lot parking exemption for the City of Denver so no parking is required on site. Max height of 45' could provide development opportunities for apartments or office/co-working as well. A+ location at the corner of W 25th and Eliot Street with adjacent established restaurant/retail/commercial and high-density residential development on the surrounding parcels. Ideal urban location, high nightly and occupancy rates. Minutes to downtown, convention center, Mile High and Pepsi Center. Currently rented at $1500/mo on a month to month basis.

Additional Information

Proj. Ann. Income
600053
Act. Ann. Income
18000
Proj. Ann. Expense
241237
School District
Denver 1
Elementary School
Brown
Middle School
Skinner
High School
North
Garage Spaces
1
Community Parking
Garage (Detached): 1
Parking Type
Garage (Detached)
Parking Spaces
1
Community Parking
Garage (Detached): 1
Parking Type
Garage (Detached)
Style
Multi-Story
Basement Size
None
Zoned
G-MS-3
Lot Size
5,585
Acres
0.13
Roofing Material
Metal
Contstruction
Cement Board, Metal Siding
Taxes
$2,644
Tax Year
2018
View
City View
Financial Terms
Cash, Conventional, Jumbo, Private Financing

Courtesy of Tremont Realty Group

Mortgage Calculator

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Calculator source: Real Geeks

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