Active
1516 Lafayette Street
Denver CO, 80218
$725,000
$397.26 per sqft
Active
3 Beds
2 Baths
1,825 sqft
Residential
Built in 1885
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.
9729220
MLSⓇ ID
November 1, 2024
Listed
November 8, 2024
Updated
Map
1516 Lafayette Street
Denver CO, 80218
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
1
Three-Quarter Bathrooms
1
Interior Features
Ceiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat
Appliances
Dishwasher, Range, Range Hood, Refrigerator
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Level
Roof
Composition, Other
Sewer
Public Sewer
School Information
School District
Denver 1
High School
East
Elementary School
Wyatt
Other Property Details
Taxes
$3,380
Tax Frequency
Annually
Garage
No
Parking Total
4
View
No
County
Denver
Water Source
Public
Pool
No
Zoning
G-RO-3
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Data last updated 7:11 PM UTC, 11/8/2024
