3801 Oak Street

HUGE PRICE REDUCTION. INCREDIBLE OPPORTUNITY FOR A TRADITIONAL HOMEOWNER OR AN INVESTOR/DEVELOPER!! This Applewood Estates neighborhood home on a corner lot is zoned R-3 and located on a massive 12.589 sg/ft. lot. There are almost Limitless options on this 12,589 Sq./Ft. lot.
For the more traditional homebuyer, this is a home that has been renovated & updated just over 4 years ago and features a professional, modern kitchen with granite counters, gas stoves & double ovens. warm, inviting features that greet those who don't want the cookie-cutter designs offered today. The separate music studio could then become an ADU, with potential rental income of $1,500-$2,200/month or utilized as a mother-in-law or guest suite. For the investor/developer, the city has approved building a triplex up to 3 stories high, with multiple projects in the neighborhood at $800,000+ each for townhomes. Perhaps the greatest ROI will be for the investor/developer that decides to build an approved 8-unit/one building ASSISTED LIVING-retirement center. Similar-sized projects are grossing anywhere from $30,000-$40,000 per month. This coveted neighborhood is close to I-70 and a quick escape to the Mountains. Great proximity to shopping, restaurants & all that Wheat ridge & Golden have to offer. NO HOA. Bring your RV's & Boats.
Please check the neighborhood comps & neighborhood builders & it won't be difficult to see both the immediate & long-term opportunities in front of you. Now only $699,000.