Providing Comprehensive Real Estate Services to Home Buyers and Sellers
Courtesy of: Keller Williams DTC
Purchase Type: Sale
MLS ID: 7435382
Days On Market: 158
Year Build: 1944
Square Footage: 2,856 Sq ft
Lot size: 0.51
Total Baths: 1
Full Baths: 1
Holly HillsElementary School
Property Type: Residential
Property Subtype: SingleFamilyResidence
New Construction: No
Swimming Pool: No
Has Waterfront: No
Address: 2520 S Syracuse
Fantastic redevelopment opportunity in Cherry Creek School District (Arapahoe County, Denver postal address) and backing to the High Line Canal!
The sale includes 4 contiguous lots totaling approximately 1 Acre, comprised of 2 residential units located at 2550 and 2520 S Syracuse Way and 2 commercial lots located at 2540 and 2576 S Syracuse Way. 2576 being rented month-to-month for $500 as yard storage. 2520 S Syracuse Way is being rented on a month-to-month lease for $950 and 2550 S Syracuse Way is utilized as an office space.
Arapahoe County's recommendation is for a low-rise Multi-Family redevelopment and a recommended density between 13 and 26 multi-family units per acre. Alternatively, for SFR redevelopment, curing the lot dimensions is required by the county. Lot square footage requirements and water retention pond depend on what zone district the buyer chooses to rezone to. As a third option, the buyer can utilize the current zoning and the existing homes to run a home-style business e.g. Landscaping or Yard.
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