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2234 S Dexter St

Denver, CO 80222

$395,000

Land For Sale  •  0.14 ac

Property Details

  • Property Type Land
  • Lot Size 0.14 ac
  • Zoning M-U-8
59 Transit Score
60 Walk Score

Description

Perfect for transit commuters. Approx 1/2 mile to Colorado Light Rail Station. Easy bus access. Great 1031 exchange property with assemblage investment potential. Can you find an M-U-8 zoned lot in Denver? Under $400k. Didn't think so. This is a great 1031 exchange property or assemblage property. This house and lot back to a CDOT lot with the potential to develop 40+ units. The only persons who can bid on the CDOT property are the owners of the properties that border this lot.  The house is rented at $2,000 per month, with the current lease expiring 10/31/2019. NOT DISTURB TENANT. By appointment only. 24-hour notice re

Highlights

Existing rental with assemblage potential. M-U-8 zoning. Adjacent CDOT lot opportunity.
Excellent 1031 property

Financial Summary (Actual)

Net Operating Income: $21,072 (2018)
Total Expenses: $2,928

Public Transportation

Transit/SubwayDriveWalkDistance
Colorado Transit Stop (E, F, H Lines) 2 min 11 min 0.5 mi
Yale Transit Stop (E, F, H Lines) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Denver International Airport 46 min - 30.0 mi
Theresa Leider 303-960-6046 Keller Williams Realty Downtown
Theresa Leider 303-960-6046 Keller Williams Realty Downtown