This modest house could be a great first time buyer investment. It sits on a large lot, conveniently located at the convergence of Lakewood, Edgewater, and Denver. The W Colfax and Sheridan corridor has seen sustained residential investment over the past decade steadily narrowing the gap between what this land is and what it can become. The zoning M-G-U at 1545 Sheridan and R-MF at 1555 Sheridan carry no maximum or minimum unit density, leaving you free to determine the right course of action for its future. From adding an ADU to building two new homes with ADUs to maximizing density is all up to you.
Both parcels are occupied on month-to-month leases. 1545 Sheridan, as a 1-bed/1-bath residence at $1,600/mo, and 1555 Sheridan as a vacant lot lease at $500/mo- generating $2,100 combined if the added income benefits your vision. Sloan's Lake Park and Bus Stop are just steps away, the Sheridan Station (W Line) is less than half a mile with direct service to Union Station and the Denver Federal Center. The Edgewater Marketplace-Target, King Soopers, Alamo Drafthouse-is within one mile. Walk Score:86.
Property details
Property
Type
Single Family Residence
MLS type
Residential
Status
Active Under Contract
Year built
1939
Stories
2
Living area
650 sqft
Price / sqft
$922
Lot
0.3 AC / 13,242 SF
Full baths
1
MLS #
2817796
Interior
Features
Breakfast Nook, Built-in Features
Appliances
Range
Heating
Forced Air
Cooling
Other
Exterior & lot
Features
Private Yard
Roof
Composition
Foundation
Concrete Perimeter, Slab
Lot
Level
Patio & porch
Front Porch
Parking
Concrete
Garage spaces
2
Schools
District
Jefferson County R-1
Elementary
Edgewater
Middle
Jefferson
High
Jefferson
Utilities
Utilities
Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$2,466
Parcel
058606
Special conditions
None Known
Location
Subdivision
Edgewood
County
Jefferson
Directions
Property access on to Sheridan is only from the north bound direction. Coming from I-70 or all city streets crossing Sheridan (like 44th, 32nd, 29th, 26th, 20th or 17th Avenues) you head south and driveway is on your right before the Colfax Ave intersection. Coming from the south from 6th Avenue and all city Streets that cross Sheridan (like 8th, 10th, 13th, 14th and Colfax Avenues) head north to 16th or 17th avenues and turn back south. the Property entrances will be on the west.
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Listed by Julie Leins, Keller Williams Advantage Realty LLC