NEW listing in Park Hill / Investment opportunity

New listing in Park Hill:
2566 N Fairfax Street Denver, CO 80207


2 BEDS/ 1 BATHS/ 913SF

OPEN HOUSE:
Sat Nov 7, 11:00AM-2:00PM

Two bed, one bathroom home setback on the alley that offers a huge 6250 lot in Park Hill – could be a great first home, rental, or building opportunity (more details below). Adobe home stays cool in the summer with new ceiling fans in the bedrooms (no AC). Fireplace and forced air furnace will make it a cozy place to be through the winter. Wood floors in the main area and bedrooms, new tile in the bathroom, and new carpet at the back entry and into the basement storage area. Kitchen has brand new appliances. New stackable full size washer/dryer in the bedroom closet. Great opportunity for construction. Rent the 2/1 for about $2000/m while you wait for permits. Build a new main house and a garage next to the current home. Keep the existing home if you can connect it to the new construction, but you’d have to remove the kitchen in the existing (zoned Urban – Singe Unit – C 5,500+).

City only allows 37.5% lot coverage = 2,343.75 sf. Existing house is 815 sf + 400 sf for a new two car garage limits you to a 1128 sf footprint on the new construction. You could do a basement and second story to make the new house over 3300 sf if you leave the existing structure. Scrape the existing structure to build a brand new 4000+ sf home like 2548 Fairfax Street, Denver, CO 80207 two lots south that sold for $1.42M in Feb, 2020. Or build an 1100+ sf addition to the existing home to add a master suite, second bathroom, and new kitchen like 5075 E 25th Avenue, Denver, CO 80207 which sold for $826K in August 2018 on the same block. Buyer responsible to verify all details building constraints.

Great schools – Park Hill School (ECE), McAuliffe International School (8-6), and East High School (9-12). 72 Walk Score – Live two blocks from Long Table Brewery, Sexy Pizza, and new Park Hill Commons development. 10 minute walk to Spinelli’s market, Honey Hill coffee shop, and Cherry Tomato. 4 min drive to Neighbor’s Wine bar, Tables restaurant, and Cake Crumbs Bakery. Buyer to verify and zoning.