Denver, CO 80209,1014 S Pennsylvania ST
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Denver, CO 80209,1014 S Pennsylvania ST
Denver, CO 80209,1014 S Pennsylvania ST
Denver, CO 80209,1014 S Pennsylvania ST
Denver, CO 80209,1014 S Pennsylvania ST

$750,000

Est. payment /mo

$750,000

Est.Price: ?

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1014 S Pennsylvania ST Denver, CO 80209

SOLD DATE : 03/18/2022

Key Details

Sold Price $750,000

Property Type Vacant Land

Sub Type Improved Land

Listing Status Sold

Purchase Type For Sale

Subdivision Washington Park West

MLS Listing ID 6317206

Sold Date 03/18/22

HOA Y/N No

Originating Board recolorado

Annual Tax Amount $2,988

Tax Year 2020

Acres 0.14

Property Description

Amazing opportunity to build a single family home or duplex in West Wash Park. 6,250sf lot which currently has a duplex that is rented to tenants. 1014 S Penn is rented for $1,400/month with a lease expiring on 8/26/22. 1016 S Penn is rented for $1,370/month with a lease expiring on 5/26/22. This is the perfect scenario to collect $2,770/month as you're working on design and permitting. Zoning is U-SU-B which typically allows for a single family -- Since there is a duplex already on the lot, the Seller has received a letter from the city stating you can demolish the duplex and build a new duplex in spite of the single unit zoning. Letter can be found in Supplements. Buyer and Buyer's agent are responsible to verify zoning and allowances.

Location

State CO

County Denver

Zoning U-SU-B

Interior

Fireplace N

Exterior

Garage No

Building

Lot Description Level

Sewer Public Sewer

Schools

School District Denver 1

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by NorthPeak Commercial Advisors, LLC
Bought with NorthPeak Commercial Advisors, LLC

Jim Cavoto

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+1(720) 692-6563

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