6675 West 29th Avenue, Wheat Ridge, CO 80214

  • 0 BedBeds
  • 0 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • Sqft
  • Land
  • Sold
  • MLS# 7111089
  • mls board disclosure High Rock Real Estate
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$630,000

  • Price Reduced

Property Description6675 West 29th Avenue, Wheat Ridge, CO 80214


6 Unit development. All soft costs are completed with exception of water/sewer taps which are planned. Primary lending and GC already in place and ready to lend and build this development for you. Just requires equity capital for acquisition! Planning already complete and submitted to city for permit approval. Existing structure already abated and scheduled/contracted for demo. Total all in costs are roughly $2,686,400 with a back end resale value of $3,474,000 for a 77% ARV leaving a TON of room to either build and sell or build and rent for roughly $3,250/mo or $234,000 annualized gross rent income!! This is a deal with almost all soft costs completed for you already and just awaiting acquisition and development. TWO options for elevations for you to choose from. Land comes with a determined amount of WATER RIGHTS!! Developer ONLY needs to sell in order to reallocate this capital towards a larger development he's pursuing this week!

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Property Details6675 West 29th Avenue, Wheat Ridge, CO 80214

Listing courtesy of: High Rock Real Estate

General Features

Lot Size  0.9200

Interior Features

 

Exterior / Lot Features

ZONING  R-2

Schools

School District  Jefferson County R-1
Elementary 
Middle 
High 

Financial Considerations

Tax Amount  $168500
Tax Year  1685

Directions

From Sloan's Lake, head north to 29th and make a left. Head west until you see a brand new park on your right hand side and you'll find the adjacent property. there's an easement driveby but please only stay along 29th Ave and do not disturb the land or anyone there.

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Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. [more]

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