4824 W 38th Avenue, Denver, CO 80212

$650,000
1,780
SqFt
List Price
$650,000
Price Change
▼ $25,000 1606427909
Type
Multifamily
Status
PENDING
MLS Number
9593218
Finished Sqft
1,780
Above Grade Sqft
1780
Total Sqft
2180
Subdivision
Cottage Hill Gardens
Sub-Area
Cottage Hill Gardens
Year Built
1903

Property Description

The MS-3 (Main Street) zoning makes this an amazing redevelopment parcel with 7,430 square feet, four blocks to wildly-popular Tennyson Street in Berkeley. It’s both 4824 & 4826 W 38th Ave, a side-by-side duplex that’s zoned for commercial and/or residential uses. Long-term, the value is in the land/great zoning. Initially, it was priced for redevelopment. Now, after price reductions, this is also an ideal candidate for an owner-occupying business or as a rental income property with what appears to be GREAT appreciation potential awaiting the urban infill redevelopment market to spring back up post-COVID. With mixed-use zoning and great signage opportunities, sufficient parking and centered between the vibrant West Highlands and Berkeley neighborhoods, this would be an excellent location for a wide variety of businesses. It also works well as a residential rental. This property was built as residential and is currently set-up as residential so financing it on a 30-year residential mortgage should work fine.

Additional Information

School District
Denver 1
Elementary School
Edison
Middle School
Denver Montessori
High School
North
Style
Victorian
Basement
Partial, Unfinished
Basement Finished
Yes
Zoned
U-MS-3
Lot Size
7,430
Acres
0.17
Contstruction
Brick
Taxes
$11,676
Tax Year
2019

Courtesy of RE/MAX PROFESSIONALS

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