Description
The real value here is the land and the location. This area is on fire with the proximity to the ever popular RiNo district. This 6,557 SF corner lot is Zoned U-MS-2x and it is located within an Opportunity Zone. That zoning is "Main Street" and allows a wide array of uses as well as reduced parking requirements and reduced setback requirements. See draft plans for 16 micro units in the Photos. The other added value of this highly attractive investment property is the 2nd unit in the basement. This makes for potential 2 rental unit income that can be used to offset costs while going through a development process. 2BR/1BA unit upstairs and a 1BR/1BA unit downstairs with it's own lockoff/access. The 2 units share laundry. The favorable main street zoning also allows for the 2 units to both be rented Short Term and does not require Denver's mandate to owner occupy the property. OR, this could be an excellent house hack opportunity for an entry level buyer to purchase and live in one unit and rent the other. The opportunities are endless and wide open to the buyer's imagination. All information regarding zoning and opportunity zone is deemed reliable, however prospective buyers are encouraged to do their own research and due diligence regarding zoning and OZ, as well as measurement of the propertys square footage or land measurements.
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3BEDS
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0.15ACRES
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2BATHS
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01/2 BATHS
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2,336SQFT
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$299$/SQFT
School Information
Offered by Banyan Real Estate Llc.Description
The real value here is the land and the location. This area is on fire with the proximity to the ever popular RiNo district. This 6,557 SF corner lot is Zoned U-MS-2x and it is located within an Opportunity Zone. That zoning is "Main Street" and allows a wide array of uses as well as reduced parking requirements and reduced setback requirements. See draft plans for 16 micro units in the Photos. The other added value of this highly attractive investment property is the 2nd unit in the basement. This makes for potential 2 rental unit income that can be used to offset costs while going through a development process. 2BR/1BA unit upstairs and a 1BR/1BA unit downstairs with it's own lockoff/access. The 2 units share laundry. The favorable main street zoning also allows for the 2 units to both be rented Short Term and does not require Denver's mandate to owner occupy the property. OR, this could be an excellent house hack opportunity for an entry level buyer to purchase and live in one unit and rent the other. The opportunities are endless and wide open to the buyer's imagination. All information regarding zoning and opportunity zone is deemed reliable, however prospective buyers are encouraged to do their own research and due diligence regarding zoning and OZ, as well as measurement of the propertys square footage or land measurements.
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