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Key Details
Sold Price $500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,068 sqft
Price per Sqft $468
Subdivision Green Acres
MLS Listing ID 9179723
Sold Date 12/18/23
Bedrooms 2
Full Baths 1
Three Quarter Bath 1
HOA Y/N No
Originating Board recolorado
Year Built 1913
Annual Tax Amount $2,424
Tax Year 2022
Lot Size 0.580 Acres
Acres 0.58
Property Description
Welcome to 765 Emerald Lane, a prime real estate opportunity in the heart of Lakewood, Colorado. This property showcases two income-generating homes on one lot, currently delivering a monthly rent of $1,300 and $1,800. Set in an custom home neighborhood, it seamlessly blends immediate cash flow with substantial development potential. Positioned on an expansive double lot spanning 25,418 square feet, this property offers the possibility of subdivision, creating space for the construction of two spacious single-family homes, potentially with Accessory Dwelling Units (ADU). While benefiting from existing rental income, you can also take your time to plan and design the layout of the two single-family residences. It's a rare chance to capitalize on both rental returns and the prospect of future development. There is a possibility of a zone change to build up to 6-8 units, however, seller and listing agent does not guarentee any information provided here and suggests Buyers to do their proper due diligence.
Location
State CO
County Jefferson
Zoning R-1-12
Rooms
Main Level Bedrooms 2
Interior
Heating Baseboard
Cooling None
Fireplace N
Exterior
Roof Type Other
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot, Level, Subdividable
Story One
Sewer Public Sewer
Level or Stories One
Structure Type Other
Schools
Elementary Schools Molholm
Middle Schools Creighton
High Schools Lakewood
School District Jefferson County R-1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Private Financing Available
Listing Terms 1031 Exchange, Cash, Conventional, Private Financing Available
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Your Castle Real Estate Inc
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Diana Nelson
Team Leader | License ID: FA100065608
Team Leader License ID: FA100065608