Buyer clients were successful on these side by side lots totaling 12,500 sq ft at the corner of 22nd & Sherman (just east of S Broadway and just south of Evans). Corner lot assemblages are always popular with developers and this one was no different. There were several other very interested parties that resulted in another multiple offer situation; however, my clients put together two offers (one for each property) that met the needs and desires of the estate selling these properties.

Currently, there is a house at 2184 S Sherman that is bringing in income and a duplex at 2198 S Sherman that is also bringing in income. Combined there is over 5k in income coming in to help offset holding costs until my clients decide to develop the side by side lots most likely with two brand new duplexes with rooftop decks.

Sold Price: 680k

2223 S Sherman St, Denver 80210

I wrote the offer 11 days ago for my Buyer clients and closed today. This single family home off the S Broadway corridor (East Side of S Broadway near Harvard Gulch Park) will be a great long term rental until my clients decide to develop a side by side brand new duplex with rooftop decks, currently selling at 1.5M per side! Denver zoning code U-TU-B is how this lot is zoned, allowing for the side by side duplex in the future.

Are you interested in this scenario? It takes serious Buyers to stand out amongst the competition, that’s where I come in. Experience, communication, and a strong understanding of this specialty market are my strengths! Message me if you’re interested in pursuing this investment/development avenue.