2,193 SqFt
2,193 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,193 sqft
Subdivision University Hills
MLS Listing ID IRE8047261
HOA Y/N No
Year Built 1951
Annual Tax Amount $3,405
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Single Family Residence
Source ires
Property Description
INVESTMENT INCOME/USE OPTIONS: This property offers multiple, compelling income strategies-short term and long term. For developers, the highest upside is a scrape and redevelopment following subdivision, consistent with surrounding $2M+ new construction activity.
For investors or owner-occupants, the existing improvements create immediate flexibility. The 900+ sq ft detached garage with its own driveway is well-positioned for conversion to an ADU (subject to city approval), enabling two independent rental units on one site. Options include:
- Live-in + income: Occupy the main residence and convert the garage to an ADU for supplemental rental income.
- Dual-rental strategy: Rent both the main house and the ADU to separate tenants for enhanced cash flow and an attractive cap rate.
This is a rare asset that works today as an income-producing property while preserving significant future redevelopment upside.
Schools: Proximity to acclaimed public and private schools
Recreation: Close to city parks, walking trails, and recreational facilities
Location
State CO
County Denver
Community University Hills
Area Metro Denver
Zoning S-SU-D
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
Garage Spaces 1.0
Fence Partial
View Y/N No
Roof Type Composition
Garage Yes
Building
Lot Description Corner Lot, Level, Outbuildings, Paved
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Bradley
Middle Schools Hamilton
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Other Owner
NEARBY SCHOOL & BUSINESS
- 9
Slavens K-8 School
Public | KG - 8
- 9
Cory Elementary School
Public | 1 - 5
- 8
Cherry Hills Village
Public | PK - 5
- 8
University Park Elementary School
Public | KG - 5
- 8
Bradley International School
Public | PK - 5
- 8
Rocky Mtn School of Expeditionary Learning
Public | KG - 12
- 8
Southmoor Elementary School
Public | PK - 5
- 7
Lincoln Elementary School
Public | KG - 5
- 7
Asbury Elementary School
Public | KG - 5
- 7
Highline Academy Charter School
Public | KG - 8
- 5
Charles Hay World School
Public | KG - 6
- 5
McMeen Elementary School
Public | PK - 5
- 4
Field Elementary School
Public | KG - 5
- 4
Holly Hills / Holly Ridge
Public | PK - 5
- 3
Ellis Elementary School
Public | PK - 5
- 2
Place Bridge Academy
Public | PK - 8
- 0
McKinley-Thatcher Elementary School
Public | PK - 5
- 0
Our Lady of Lourdes Catholic School
Private | PK - 8
- 0
All Souls School
Private | PK - 8
- 0
Denver Waldorf School
Private | PK - 12
- 7
Merrill Middle School
Public | 6 - 8
- 7
Denver Green School
Public | EE - 8
- 6
Englewood Leadership Academy
Public | 6 - 9
- 6
Grant Beacon Middle School
Public | 6 - 8
- 5
West Middle School
Public | 6 - 8
- 1
Englewood Middle School
Public | 7 - 8
- 0
Kent Denver School
Private | 6 - 12
- 6
Thomas Jefferson High School
Public | 9 - 12
- 6
George Washington High School
Public | 9 - 12
- 5
South High School
Public | 9 - 12
- 3
Englewood High School
Public | 9 - 12
- 2
Colorado Provost Academy
Public | 9 - 12