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Jason Levi

jason@thelevigroup.net +1(970) 426-8916

$ 799,000

Est. payment | -/mo

6 Beds

3 Baths

2,984 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,984 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,984 sqft

Subdivision Villa Park

MLS Listing ID IRE2777251

Bedrooms 6

HOA Y/N No

Year Built 1943

Annual Tax Amount $3,729

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Source ires

Property Description

Priced reduced again to attract strong interest! This is now priced below market for a quick sale! Seller is open to reviewing all offers. Triplex and Covered Land Play with Strong In-Place Income on a Rare 12,500 SF Double Lot. 1000 Tennyson St is a 3-unit situated on an oversized 12,500 SF double lot in one of Denver's rapidly evolving urban corridors. This asset offers investors a compelling combination of stable cash flow today and significant future development upside. The property consists of three updated residential units plus a detached garage, generating $75,180 in annual gross income and $65,003 in NOI, equating to a 8.14% cap rate at the list price. All units have been updated over the ownership, providing immediate operational stability with minimal near-term capital requirements. Beyond the high cap rate/cash flowing income, the true value lies in the land. The oversized double lot creates a clear and executable path for redevelopment. By right, an investor can split the lot and construct two duplexes (4 total units) without rezoning. For those seeking higher density, the City has indicated the potential to develop up to 20 units with a successful rezoning, making this a prime long-term hold or redevelopment opportunity. Whether you're an investor looking to land bank with strong yield, or a developer seeking a scalable infill project in a high-demand Denver location, 1000 Tennyson delivers flexibility, income, and upside.

Location

State CO

County Denver

Community Villa Park

Area Metro Denver

Zoning E-TU-C

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Cooling Evaporative Cooling

Exterior

Parking Features Detached

Garage Spaces 2.0

Utilities Available Electricity Available

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Corner Lot, Level

Sewer Public Sewer

Water City

Level or Stories Bi-Level

Structure Type Frame

New Construction false

Schools

Elementary Schools Cowell

Middle Schools Lake

High Schools Denver District 1

School District Denver District 1

Others

Acceptable Financing Cash, Conventional, FHA, VA, 1031 Exchange

Listing Terms Cash, Conventional, FHA, VA, 1031 Exchange

Information and Real Estate Services (IRES)

Listed by Robert Lawson

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 426-8916

jason@thelevigroup.net

300 Boardwalk Dr, #6b, Fort Collins, CO, 80525

1000 N Tennyson Denver, CO 80204