2429 S Cherokee ST new to site Save Request In-Person Tour Request Virtual Tour
Denver,CO 80223
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Overland
MLS Listing ID 8080050
Annual Tax Amount $2,531
Tax Year 2024
Lot Size 6250.000 Acres
Property Sub-Type Improved Land
Property Description
This well-maintained property presents a rare combination of long-term development potential as well as immediate livability. Situated in a highly sought-after neighborhood experiencing rapid growth and redevelopment, the lot is ZONED FOR DUPLEX (U-TU-C) construction, making it an excellent opportunity for builders or investors looking to capitalize on the area's current trend of multi-unit development. For first-time home owners, this is an ideal starter home. It's move-in ready with major updates already taken care of: New roof in 2023, new sewer line 2019, new furnace 2019 and updated all flooring & paint in 2024. Live in this home for a few years and see the neighborhood continue to transform. Whether you're looking to move in and live in the home, rent it out and hold as a long term investment, or begin the permitting process for a duplex build, this property offers flexibility for multiple strategies. Previously rented for $1649/month, it provides solid holding income while you plan your next steps.
Location
State CO
County Denver
Zoning U-TU-C
Building
Lot Description Level
Sewer Public Sewer
Schools
School District Denver 1
Others
Acceptable Financing Cash,Conventional,Other,VA Loan
Listing Terms Cash,Conventional,Other,VA Loan
Special Listing Condition None