$725,000
For Sale

1516 Lafayette Street

Denver, CO 80218
2090 sqft | 3 beds | 1.75 baths | 0.14 acres | #9729220
Listing OfficePorchlight Real Estate Group
Browse 33 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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.

  • Interior Details
      • InteriorCeiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat
    • Beds & Baths
      • Bathrooms1.75
      • Bedrooms3
      • Full Baths1
      • 3/4 Baths1
  • Property Details
      • Lot DescriptionLevel
    • Measurements
      • Acres0.14
      • Square Feet2090
  • Construction Details
      • BasementPartial, Unfinished
      • Property TypePurchase
    • Condition
      • Year Built1885
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionPark Ave Add
    • Location
      • Middle SchoolWhittier E-8
      • School DistrictDenver 1
      • CountyDenver
      • Elementary SchoolWyatt
      • High SchoolEast
  • Financial Details
      • Original List Price$725,000
      • Taxes Annual$3,380
  • Other
      • MLS #9729220

Location

Jack Torres | THE TORRES GROUPReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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