$650,000
Unlock massive equity in one of Denver's most sought-after pockets. This South City Park residence is a premier value-add opportunity tailored for investors, developers, and contractors looking for their next project. With a projected ARV of $1.2M, the potential here is as expansive as the floor plan itself.
The main residence features a spacious layout with three bedrooms and two bathrooms. The two oversized bedrooms on the upper level provide the perfect footprint for a straightforward bathroom addition. On the main floor, the flow between the large living area, formal dining room, and kitchen offers a versatile canvas for a modern, open-concept redesign.
Adding significant versatility is the basement, which features a separate entrance and has previously functioned as a two-bedroom apartment. Complete with its own kitchen, full bath, and living area, this space is primed for a high-end renovation to maximize rental income or create a sophisticated short-term rental.
Situated in a top-tier location, this property offers unparalleled access to the best of Denver living. You are moments away from City Park, the Denver Zoo, and the vibrant entertainment and dining along Colfax, including Sprouts and local favorites like Atomic Cowboy. The upcoming BRT (Bus Rapid Transit) on Colfax further cements this area as a hub for long-term appreciation and accessibility.
Technical details: The furnace is approximately 10 years old, the sewer line is equipped with cleanouts, and the property features two water heaters (one currently operational). The oversized garage is a solid structure ready for a new roof to match the main home.
The seller is reviewing offers as they arrive. Please note that offers must be from end-users (non-assignable) and include a 21-day post-occupancy period. Competitive offers featuring a shortened three-day inspection period will be given priority consideration.
5
Beds
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3
Baths
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2166052
MLS
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ACTIVE
Status
1624 Adams St, Denver
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