Water Views
Address
1225-1255 Xavier Street, Denver, CO
Price
$ 5,250,000
Property Attributes
  • MLS#3505470
  • TypeLand
  • CountyDENVER
  • CityDenver
  • NeighborhoodWest Colfax
  • Zip80204
  • Style
  • Taxes$ 3123
  • Price$ 5,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.59 Acres
Data Source:
REColorado (MTOMLS)
Property Description

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

Price History
2/13/2024 Listed $5,250,000

General Features

Sewer Public Sewer
Zoning G-MU-5
Garage Spaces 57
Exclusions Any and all private property
View Valley,Water
Property SubType Improved Land
Tax Year 2022
Percent Ownership Individual
County Denver
Property Type Land
HOA / Comm Assn No
Attached Garage Yes
Subdivision Name West Colfax
Status Active
City Denver
Buyer Agent Compensation 2
High School District Denver 1
Lot Size Square Feet 25800
Street Name Xavier
Listing Terms 1031 Exchange,Cash,Conventional,Other
Tax Annual Amount 3123
Standard Status Active
Middle/Junior School District Denver 1
Elementary School District Denver 1
Buyer Agent Compensation Type %

Interior Features

Street Suffix Street

Exterior Features

Lot Features Level
Total Parking 57
Lot Size Area 25800
Lot Size Acres 0.59
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 80204

Price
AVG $1.28M
$5.25M
Taxes
AVG $3,750
$3,123
Visits
AVG 169
288
Data Provided by Inside Real Estate®

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