7109 W 61st Ave, Arvada, CO 80003

$575,000 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 Basement
Basement:
Partial
A/C:
true, Central Air
Heating:
true, Forced Air

Exterior

General:
Outbuildings
Style:
Ranch

Construction

Roofing:
Composition
General:
Block, Vinyl Siding, 1

Location

Road/Access:
Paved
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
Fencing:
Partial

Utilities

Utilities:
Electricity Available, Cable Available, Electric
Water:
City Water
Sewer:
City Sewer,Public Sewer

Financial

Source:
REcolorado
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.

Similar Homes

Message

Interested in this home?

Request more information: