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Home » Real Estate » CO » Denver » 80204 » 578 Galapago St, Denver, CO, 80204
$950,000

578 Galapago St, Denver, CO, 80204

9 Beds
6,000 Square Feet
INVESTOR SPECIAL! 4-5 Unit, Multifamily Fix & Flip Opportunity in Baker; a highly desirable urban neighborhood of Denver. A mix of 3 bedroom and 2 Bedroom units. After Repair Value is $2.2M - $2.6M if you rehab each unit and sell them seperately as condos. Huge spread for experienced. investors/developers. 4 Units are currently a shell, ready for permitting and construction. Unfinished basement has a seperate meter and be remodeled to be a common area space or a 5th unit. Separate living spaces above ground and an unfinished basement for potential to add a 5th unit. ALL 5 units are separately metered. Alternative Option: 2nd floor would make a wonderful penthouse. All units have access to a spectacular rooftop deck for a great common area. Views of mountains, permanently protected. Ceilings 11.5 feet high. Basement 7.5 feet high. There is a common wall agreement for the attached townhome next door that is separately owned. Victorian era type architecture, common in the Baker neighborhood. Buyer responsible for verifying all city requirements. Not in the historic district. Many were previously approved by the city, but approvals have expired. Construction & Development experience needed. Hurry, this won't last long!
Offered By
Michelle Glass MichelleDirect@kw.com, Keller Williams Realty Urban Elite

Property Details

Property Type Residential Income
Status Active
Bedrooms 9
Property Sub Type Income Property
Square Feet 6,000
MLS # 4148560

Market Trends

New Properties On Market
51
34% Increase In New Listings
Average Asking Price
$650,375
$7,670 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$401
$50 Decrease In List Price/Sq. Ft.
Average Days On Market
20
28 Day Decrease In Days On Market
Data as of Sep 23, 2024. Remaining statistics above are calculated on activity within the period from Jul 01, 2024 to Aug 31, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 9/5/2024 at 8:04 am