7109 W 61st Avenue, Arvada, CO 80003

$600,000 Asking Price

3 beds
1 bath
1,264  sqft
Built in 1947

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!!


Features & Amenities

Interior

Laundry:
In Unit
Basement:
Cellar, Partial
A/C:
Central Air
Heating:
Forced Air

Exterior

Style:
Traditional
Parking:
Parking spaces: 2

Construction

Roofing:
Composition
General:
One

Location

Road/Access:
Public
Originating MLS:
recolorado
School District:
Jefferson County R-1
County:
Jefferson

Lot

Zoning:
R-6, SECTION 11 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 651000 SUBDIVISIONNAME ROWANS BLOCK 003 LOT SIZE: 23392 TRACT 00C VALUE: .537, 004053
Fencing:
Partial
Current Use:
Live/Work

Utilities

Utilities:
Cable Available, Electricity Connected, Internet Access (Wired)
Water:
Irrigation Water,Public
Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Individual
Exclusions:
Sellers personal property, freezer in basement, Water tank in yard.

This listing courtesy of:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC, Valerie Beaudoin

About Arvada, CO

Housing

Number of Units
59,740
Median Home Value
$442,673
Median Rent
$1,338

25.52% of housing units are renter occupied.

3.19% are vacant.

Commute

Car
59.65%
Public Transportation
1.63%
Walk to Work
0.70%
Work from Home
37.28%
Other
0.57%

The median travel time to work is 19 minutes.

People

Population
140,555
Median Age
39.20
Median Household Size
2.69

Education

High School
22.26%
Associate’s Degree
8.07%
Bachelor’s Degree
28.04%
Graduate Degree
14.95%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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