765 Emerald Ln, Lakewood, CO 80214
- $500,000
- 2
- BD
- 2
- BA
- 1,068
- SqFt
- Sold Price
- $500,000
- List Price
- $475,000
- Closing Date
- Dec 18, 2023
- Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Status
- CLOSED
- MLS Number
- 9179723
- Bedrooms
- 2
- Bathrooms
- 2
- Sqft Total
- 1,068
- Year Built
- 1913
Property Description
Welcome to 765 Emerald Lane, a prime real estate opportunity in the heart of Lakewood, Colorado. This property showcases two income-generating homes on one lot, currently delivering a monthly rent of $1,300 and $1,800. Set in an custom home neighborhood, it seamlessly blends immediate cash flow with substantial development potential. Positioned on an expansive double lot spanning 25,418 square feet, this property offers the possibility of subdivision, creating space for the construction of two spacious single-family homes, potentially with Accessory Dwelling Units (ADU). While benefiting from existing rental income, you can also take your time to plan and design the layout of the two single-family residences. It's a rare chance to capitalize on both rental returns and the prospect of future development. There is a possibility of a zone change to build up to 6-8 units, however, seller and listing agent does not guarentee any information provided here and suggests Buyers to do their proper due diligence.
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Additional Information
- Lot Size Acres
- 0.58
- Lot Size Sq Ft
- 25,418
- Tax Amount
- $2,424
- Sewer
- Public Sewer
- Heating
- Baseboard
- Cooling
- None
- School District
- Jefferson County R-1
- Elementary School
- Molholm
- Middle Or Junior School
- Creighton
- High School
- Lakewood
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Courtesy of Capital Property Group LLC . josh@capitalpropgroup.com,303-204-4464
Selling Office: Your Castle Real Estate Inc.