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Bob Engel

[email protected] +1(303) 638-0780

$ 625,000

Est. payment -/mo

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Active

2572 S Vine ST Denver, CO 80210

2 Beds

1 Bath

1,282 SqFt

UPDATED:

10/13/2024 07:05 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,282 sqft

Price per Sqft $487

Subdivision University

MLS Listing ID 6253407

Style A-Frame

Bedrooms 2

Full Baths 1

HOA Y/N No

Originating Board recolorado

Year Built 1948

Annual Tax Amount $2,844

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Income-Producing Gem with Prime Redevelopment Potential Near University of Denver! Welcome to 2572 S. Vine Street, an exceptional opportunity in Denver?s highly desirable University neighborhood! This charming 2-bedroom, 1-bathroom ranch-style home offers both immediate rental income and long-term redevelopment potential. Nestled on a generous lot and set within a quiet, tree-lined street, this property combines the perfect balance of proximity to Denver's urban amenities and all the outdoor activities Colorado has to offer. Interior features include gleaming hardwood floors that flow seamlessly throughout the home. The layout is efficient, with two spacious bedrooms and one full bath, but it?s the potential of the entire home that truly shines. Outside, a detached garage with alley access adds convenience, while the sizable backyard opens up future redevelopment possibilities. Whether you?re a developer looking to capitalize on Denver?s growing demand or an investor seeking a solid income-producing property, the generous lot size makes it an ideal candidate for expansion, redevelopment, or customization to meet future market trends. Key Investment Features include: Income-Producing - Currently rented, this home provides immediate cash flow potential, making it a turnkey investment for savvy buyers; Redevelopment Potential - With the ever-evolving Denver real estate market, this home sits on a prime lot ripe for redevelopment. Explore options to expand or transform this property into a multi-unit or customized living space (subject to city approval and any and all current government regulations). The location is ideal being just a short walk from several centers of employment including: the University of Denver, Swedish Medical, Craig Hospital, and Advent health. This home is an ideal rental property with several possible future exit strategies. The property is perfectly offset by nearby green spaces including Harvard Gulch Trail and S.R. Deboer Park. Pre-Inspected.

Location

State CO

County Denver

Zoning E-SU-DX

Rooms

Basement Crawl Space

Main Level Bedrooms 2

Interior

Interior Features Breakfast Nook, Ceiling Fan(s), No Stairs, Open Floorplan

Heating Forced Air

Cooling None

Flooring Wood

Fireplace Y

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Exterior

Exterior Feature Private Yard

Garage Exterior Access Door

Garage Spaces 1.0

Fence Full

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected

Roof Type Architecural Shingle

Parking Type Exterior Access Door

Total Parking Spaces 1

Garage No

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

Schools

Elementary Schools University Park

Middle Schools Merrill

High Schools South

School District Denver 1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by Kentwood Real Estate Cherry Creek • [email protected],303-710-5011

Bob Engel

Broker/Owner | KWREA100003949

+1(303) 638-0780

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Englewood, CO

Bob Engel

Bob Engel

2572 S Vine ST Denver, CO 80210

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2572 S Vine ST