• 90TH DENVER, CO 80260

  • 8 Beds 2 Baths 2,832 SqFt
  • Unknown / REO Foreclosure

Property Details for 90TH St, DENVER, CO 80260

Features

Facts

Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

This is a very unique property! Sitting on 17,050 sqft, there is a single family home a church that is in planning with the city to become an attached duplex (please see supplements for plans). The plans include the church and house being connected and the church being converted to living space. This property could still remain a separated church and a house with no additional city approvals. It is also zoned R-3 to allow for multi-unit development, and can also possibly be subdivided with the house and church sold separately. Federal Heights does allow Short Term Rentals and would make a great AirBNB property with potential for 15k+ monthly income once completed (please ask for analysis details). The property has already had: asbestos remediation, mold remediation, structural reinforcements with lifetime warranty, new landscaping on the front and side of property, new siding on the house, some new windows sliding glass door, and framing in the basement. NOTE: it is currently in a demoed state and room count is based on proposed plans. It is currently a construction zone, so please proceed with caution. Only 12 miles to Downtown Denver and walkable to Water World Comenisch Park with Sports Complex Skatepark! The possibilities are endless with this one of a kind opportunity!

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