1516 Lafayette Street

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.

Listing Office: Porchlight Real Estate Group

Essential Information

MLS® #9729220
Price$725,000
Bedrooms3
Bathrooms2.00
Full Baths1
Square Footage1,825
Acres0.14
Year Built1885
TypeResidential
Sub-TypeSingle Family Residence
StatusActive

Community Information

Address1516 Lafayette Street
SubdivisionPark Ave Add
CityDenver
CountyDenver
StateCO
Zip Code80218

Amenities

Parking Spaces4

Interior

HeatingForced Air
CoolingCentral Air
StoriesTwo

Interior Features

Ceiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat

Appliances

Dishwasher, Range, Range Hood, Refrigerator

Exterior

Lot DescriptionLevel
RoofComposition, Other

School Information

DistrictDenver 1
ElementaryWyatt
MiddleWhittier E-8
HighEast

Additional Information

Date ListedNovember 1st, 2024
ZoningG-RO-3

Listing Details

Porchlight Real Estate Group

Office Contact

Nwieder@porchlightgroup.com,720-878-2589

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Listing information last updated on November 26th, 2024 at 3:18am MST.

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1516 Lafayette Street, Denver, CO – $725,000

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