Description
Outstanding opportunity to own a Group Family Home or AirBNB. (As of February 2021 Denver Zoning Code Sec. 11.12.2.1 allows for up to 5-families to share a home.) The original home features 2- bedrooms, 2 bathrooms, 2 living areas and a full kitchen. In 2018 the property was expanded to include three additional studio units (without kitchens). Each of the units have private bathrooms, closets, exterior entrances and access to a shared hallway that includes a common area laundry. This property is ideal for a shared family situation, AirBNB, or Group Home. Additionally the main house could be divided into two one-bedroom units. Further increasing the income potential. CAP Rate Calculations assume the main home is owner occupied and the three additional units are rented short-term for $95/night with an 80% Occupancy. (Buyer to verify feasibility and zoning for these situations)
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5BEDS
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0.22ACRES
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5BATHS
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01/2 BATHS
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3,326SQFT
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$233$/SQFT
School Information
Offered by Keller Williams Dtc.Description
Outstanding opportunity to own a Group Family Home or AirBNB. (As of February 2021 Denver Zoning Code Sec. 11.12.2.1 allows for up to 5-families to share a home.) The original home features 2- bedrooms, 2 bathrooms, 2 living areas and a full kitchen. In 2018 the property was expanded to include three additional studio units (without kitchens). Each of the units have private bathrooms, closets, exterior entrances and access to a shared hallway that includes a common area laundry. This property is ideal for a shared family situation, AirBNB, or Group Home. Additionally the main house could be divided into two one-bedroom units. Further increasing the income potential. CAP Rate Calculations assume the main home is owner occupied and the three additional units are rented short-term for $95/night with an 80% Occupancy. (Buyer to verify feasibility and zoning for these situations)
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