2429 S Cherokee Street
Denver, CO 80223
6,250.00 acres | #8080050
Description
This well-maintained property presents a rare combination of long-term development potential as well as immediate livability. Situated in a highly sought-after neighborhood experiencing rapid growth and redevelopment, the lot is ZONED FOR DUPLEX (U-TU-C) construction, making it an excellent opportunity for builders or investors looking to capitalize on the area's current trend of multi-unit development. For first-time home owners, this is an ideal starter home. It's move-in ready with major updates already taken care of: New roof in 2023, new sewer line 2019, new furnace 2019 and updated all flooring & paint in 2024. Live in this home for a few years and see the neighborhood continue to transform. Whether you’re looking to move in and live in the home, rent it out and hold as a long term investment, or begin the permitting process for a duplex build, this property offers flexibility for multiple strategies. Previously rented for $1649/month, it provides solid holding income while you plan your next steps.
Property Details
- Property SubtypeImproved Land
- Sewer InformationPublic Sewer
- Property TypePurchase
- SubdivisionOverland
- School DistrictDenver 1
- Original List Price$475,000
- MLS #8080050
- MLS #8080050
- CountyDenver
- Taxes Annual$2,531
- Cost475000
- Lot DescriptionLevel
- Acres6250
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Garvin Laverick (#REC057476)
Listing Office: Coldwell Banker Global Luxury Denver (#RECCBR01)
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