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$ 1,200,000
Est. payment | /mo
2.4 Acres Lot
$ 1,200,000
Est. payment | /mo
2.4 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3300530
HOA Y/N No
Originating Board recolorado
Year Built 1945
Annual Tax Amount $3,939
Tax Year 2023
Lot Size 2.400 Acres
Acres 2.4
Property Description
This lot in the suburbs is a rare gem for those looking to invest in a multifamily property. Currently this lot has a residential home that is being occupied by a tenant with a current lease signed until end of June 2025. This property, set in a peaceful neighborhood, is a canvas waiting to be transformed into a thriving multifamily residence community. Its zoning for multifamily use opens up endless possibilities for creating a community of homes that blend modern living with suburban charm! Currently Welby Road is being improved to provide roadway widening along with medians, curbs, sidewalks, street lighting and multi-path trails! In addition the N line light rail project was completed and opened in 2020. The Thornton 88th station is just a short 1.6 miles away and the 18.5-mile electric commuter rail line will connect North Adams county with Union Station, Commerce City, Northglenn, and Thornton. The property's zoning is Residential 4 - which provides a minimum density of 14 units per acre while the maximum density is 35 units per acre! Multifamily units in the area sell for 360K+. Seize the chance to shape this lot into a bustling hub of residential living, where families can flourish in a tranquil suburban setting. Don't miss out on the chance to turn this blank canvas into a thriving multifamily community in the heart of the suburbs!
Owner does have soil testing, survey, a concept site plan that he'd be happy to provide the purchaser of this property.
Owner does have soil testing, survey, a concept site plan that he'd be happy to provide the purchaser of this property.
Location
State CO
County Adams
Zoning Residential 4 - Multi fam
Interior
Fireplace N
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Brokers Guild Homes • gandarahomes@gmail.com,303-960-4101
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Curtis Wehr
REALTOR® | Broker-Associate | Lic# 40006711