Veterans United Realty
33 Photos

1516 Lafayette Street, Denver, CO 80218

$725,000 Asking Price

3 beds
2 baths
1,825  sqft
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.


Listing Status:
Active
Date Added:
November 1, 2024 — 1 day ago
Listing Office:
Porchlight Real Estate Group, Nikki Wiederaenders (720-878-2589)
Office Phone:
720-878-2589
MLS ID:
9729220

Features & Amenities

Interior

General:
Ceiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat
Appliances:
Dishwasher, Range, Range Hood, Refrigerator
Basement:
Partial, Unfinished
Flooring:
Laminate
A/C:
Central Air
Heating:
Forced Air

Exterior

Other Structures:
Front Porch
Parking:
Parking spaces: 4

Construction

Roofing:
Composition, Other
General:
Two

Location

Road/Access:
Alley Paved
Originating MLS:
recolorado
School District:
Denver 1
County:
Denver

Lot

Zoning:
G-RO-3, PARK AVENUE ADD B30 L24 & 25, 2354-29-007

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Individual
Exclusions:
Sellers personal property and staging items

This listing courtesy of:
Porchlight Real Estate Group, Nikki Wiederaenders

About Denver, CO

Housing

Number of Units
527,977
Median Home Value
$435,944
Median Rent
$1,329

48.75% of housing units are renter occupied.

6.65% are vacant.

Commute

Car
56.73%
Public Transportation
3.93%
Walk to Work
2.72%
Work from Home
34.89%
Other
0.58%

The median travel time to work is 19 minutes.

People

Population
1,114,255
Median Age
35.70
Median Household Size
2.53

Education

High School
19.56%
Associate’s Degree
6.38%
Bachelor’s Degree
29.05%
Graduate Degree
17.25%

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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Veterans United Homefront

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