Denver, CO 80222,3000 S Colorado BLVD
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$ 975,000
Est. payment | /mo

2,193 SqFt


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$ 975,000
Est. payment | /mo
Save

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

Price per Sqft $444

Subdivision University Hills

MLS Listing ID 8047261

HOA Y/N No

Abv Grd Liv Area 2,193

Year Built 1951

Annual Tax Amount $3,405

Tax Year 2023

Lot Size 0.331 Acres

Acres 0.33

Property Sub-Type Single Family Residence

Source recolorado

Property Description

SUBDIVIDE AND DEVELOP: Prime Double Lot in Desirable Neighborhood – A Developer's Dream! Amazing development opportunity to subdivide a 14,400 square foot corner lot in the highly sought after University Hills neighborhood. This lot is 130 feet by 111 feet on an amazing tree lined block with breathtaking mountain views ideal for a developer looking to scrape and redevelop. There is a significant amount of $2 million dollar new custom home construction activity going on all around this property. The property has mature trees. This location offers close proximity to I-25 and the Yale light rail station. It is one block to Eisenhower Park, the Highline Canal and Wellshire Golf Course and the many shops, restaurants and grocery stores along Colorado Blvd. Excellent access to public transportation and major highways, enhancing the appeal for future residents. The property currently has a home on the property

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

Zoning S-SU-D

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling None

Fireplace N

Exterior

Parking Features Concrete, Gravel

Garage Spaces 1.0

Fence Partial

Roof Type Composition

Total Parking Spaces 1

Garage Yes

Building

Lot Description Corner Lot, Level, Subdividable

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Wood Siding

Schools

Elementary Schools Bradley

Middle Schools Hamilton

High Schools Thomas Jefferson

School District Denver 1

Others

Senior Community No

Ownership Agent Owner

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

REColorado (REColorado MLS)
Listed by Fathom Realty Colorado LLC
Michael Hill

+1(720) 320-0982

foothillscoloradohomes@gmail.com

11160 Huron St # 34, Westminster, CO, 80234, United States

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