Just Listed: Unique Denver Investment/Development Project
Just Listed: 4119 Navajo Street, Denver 80211
List Price: 350k
My latest Denver Investment Property for sale is located in NW Denver, near the Highlands & Sunnyside areas. What makes this Denver development project unique is that only half of a duplex is standing on the property. The lot is zoned U-TU-C, which means two units can be built on the property. Currently, the half duplex that is standing has been gutted, both the electrical and plumbing have been completely re-done, the floor plan has been opened up, and new framing exists. Permits are valid and ready for another developer to take the project over, finish the existing structure, as well connect and build a brand new half duplex from the foundation up. City of Denver construction permits are taking roughly 5-6 months to push through currently, which makes this project very enticing to be able to start construction immediately.
Most Denver duplex development projects are netting investors an average of 150k profit. This project falls within that scope; however, with a severe lack of inventory and prices rising quickly, I’m projecting proceeds to be around 200k on this Denver infill lot for sale.
If you’d like to take a tour of the existing structure, view current permits, or the architectural renderings, please contact me for an appointment .
Happy Fourth of July weekend!