578 Galapago Street
Denver, CO, 80204
8 Bed
6 Bath
5,700 SQ FT
$950,000
578 Galapago Street
Denver, CO, 80204
8 Bed
6 Bath
5,700 SQ FT
$950,000

PROPERTY DETAILS

INVESTOR SPECIAL! 5 Unit, Multifamily Rehab Project / Condo Conversion 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. Huge spread for experienced investors/developers. 4 Units are currently a shell, ready for permitting and construction. 4 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!

HIGHLIGHTS

• Highly desirable neighborhood of Baker in Denver
• After repair value is $2,200,000 - $2,600,000
• Construction & Development experience needed
• One unit is completed, four units are a shell, ready for construction
• Several Options:
-Multifamily Rehab
-Condo Conversion 
-Short term Vacation rentals with lodging license
• Panoramic views of mountains and downtown Denver
• Walking Distance to Santa Fe Art District and Denver Health!

3D TOURS

FLOOR PLANS

INTERESTED IN THIS PROPERTY?

LET’S CONNECT