Neighborhood with redevelopment potential -- on South Federal Blvd. Just North of the Loretto Heights Redevelopment project. Infill lot -- Zoned multi unit (3 story). Seller has conceptual feasibility study renderings for a 10 unit multifamily building. Approximately 8 miles from downtown Denver, and minutes to Hampden Ave, this property is centrally located in the SW quadrant of Denver. Property has 67 feet of frontage on S. Federal Blvd. Lot is adjacent to multifamily on one side and retail on the other.
Currently, the property has a 1947 2 bedroom house (monthly tenants) , 2 garages (leased as storage), and RV parking spaces (leased).
Receive $4,750 /mth (+/-) in rents while you are getting city approvals and permits!