7700 E Harvard Ave, Denver, CO 80231
If you plan on doing a fix and flip the house on this property is an excellent candidate. It has three bedrooms, a kitchen and dining room plus a laundry room. The nicest thing I can say about the bathroom is at least it's indoors. New carpet and paint as well as brand new appliance means this house is "Renter Ready." Rent potential is $2,000.00-$2,500.00 per month. What really makes this an ideal investment opportunity though is the redevelopment potential for this lot. Situated in Unincorporated Arapahoe County the current zoning is RR-A which has a multitude of uses but primarily it means...one Single Family Detached Dwelling. By rezoning to PUD as recommended by Arapahoe County the neighborhood plan calls for 14 to 27 units per acre density. With 33,000+/- square feet or .775 acres one could build up to about a 20 unit apartment building. The Arapahoe County Planning Department has already granted preliminary approval subject to setbacks, open space, and water detention. The upside potential is a cool million dollar profit.