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2127 tremont place denver, CO 80205

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Sold On: 2020-10-16
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List Price:
$650,000
Closed Price:
$850,000

Beds: 5
Baths: 2
Fin SqFt: 2498
MLS Number:
3041847

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Description:
VALUE-ADD OPPORTUNITY! This building is a remarkable example of late 19th-Century Italianate Architecture brick home located in the Clements Historic District just across the street from Benedict Fountain Park, situated at the NE edge of Downtown Denver. This home is not currently in habitable condition due to prior incomplete remodeling undertaken by the current ownership. This is a great "value-add" opportunity for the right buyer who has a high degree of construction knowledge and experience and the ability to work with the Denver Landmark Preservation Commission [DLPC]. Proposed Historic Restoration plans by award-winning UNiT Design Studio, p.c. of Denver as of 12/2019 [copyrighted] are available for separate purchase directly from architect. It is projected that this home "as historically renovated and updated" could achieve a market value of well in excess of $1 Million based upon recent sales data of comparable homes in the area. Very similar homes adjacent either side of this home are estimated to be worth in excess of $1 Million. There is no garage currently, but there is a poured concrete foundation off the paved alley for a 3-car garage. Zoning does allow for 2 units as an income property or the construction of an Additional Dwelling Unit [ADU] above the garage. There are no applicable HOA covenants or restrictions other than applicable zoning, however, all restoration, updates, new construction and remodeling will require the approval of the DLPC and applicable building code. See the document links for additional detailed information on the property, Clements Historic District, clear LBP report, clear asbestos report and more. Please review the interactive 3-D tour link prior to in-person inspection of this property. This home will not qualify for conventional, FHA, or VA financing in its current condition. Only 100% cash contracts or buyers backed by "hard money" will be considered. Proof of funds must accompany any contracts.

Status: Closed

Listing Office:
keith g felix ii

Interior Features:
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Near Public Transit

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The Brian Petrelli Team is your Clements, denver home specialist.

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Call us today and find out why we're leaders for Houses in denver, Colorado and the most most qualified REALTORS in Clements. We can show you any available home in denver, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. What are you waiting for? Call us today!
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The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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