Active
1225 Xavier St
Denver CO, 80204
$5,250,000
$203.49 per sqft
Active
0.59 Acres
Land
Xavier Residences is a near permit-ready investment opportunity to develop a unique hybrid for rent / for sale multi-family project. The final permit approval for this project is anticipated early Spring 2024.
The architectural plans encompass 71 units, with a breakdown consisting of 61 apartment units and an additional 10 townhome-style units available for sale. Notably, Xavier Residences stands as one of the last expansive development parcels in West Colfax.
Of strategic benefit to the developer, the project underwent review before the implementation of Denver's new "Expanding Affordable Housing" development requirements, positioning the project advantageously within the regulatory landscape.
** Complete shovel-ready construction drawings and permit approval anticipated early Spring 2024
** One of the last expansive development parcels in West Colfax
** Multiple exit strategies: POtential for Hybrid rent / for sale component: 61 apartment units & 10 townhome-style units
** Permitted prior to new Affordable Housing Requirements
3505470
MLSⓇ ID
February 13, 2024
Listed
May 9, 2024
Updated
Map
1225 Xavier St
Denver CO, 80204
Exterior/Building Features
Lot Size
0.59 Acres
Lot Features
Level
Sewer
City Sewer, Public Sewer
School Information
School District
Denver 1
Other Property Details
Area Name
Metro Denver
Taxes
$3,123
Tax Frequency
Annually
Days on Market
1
Garage
Yes
Garage Spaces
57
View
Yes
View Description
Foothills View, Water
County
Denver
Pool
No
Zoning
G-MU-5
Buyer Agency Compensation
2%
Listed by Teal Nipp Hagan with Kaufman Hagan
Listing Contact: [email protected],720-984-0419
The IDX display contains information sourced from Information and Real Estate Services, LLC (IRES) as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Information deemed reliable but not guaranteed by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/9/2024 at 2:53 AM UTC