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3923 W 38th Ave

Denver, CO 80212
  • $5,100,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: R5777057
UPDATED: 32 min ago
$5,100,000
  • 0
    BEDS
  • 0.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:

Description

This listing is inclusive of the following addresses: 3923-3929 W 38th Ave (schedule #s: 0219424009000 & 0219424026000, legal descriptions: FIRST ADD TO ARGYLE PARK 02194 B8 E 77FT L20 TO 24 INC & FIRST ADD TO ARGYLE PARK B8 L17 TO 19 INC & W 50FT OF L20 TO24 INC) as well as 3838 Perry Street (schedule #: 0219424005000, legal description: FIRST ADD TO ARGYLE PARK 02194 B8 L14 TO 16 INC). All three lots will make up a 25-unit development project consisting of townhomes and duplex product types which are currently being entitled with the City of Denver. First SDP was submitted in November 2022. Two units facing 38th Ave will be affordable, which has already been negotiated with the city and neighborhood groups and will not increase. One of the two affordable units will be unparked. The large L-shaped unit will be designed with significant lock-off portion. (roughly 990sf). This will make a phenomenal rental/AirBnB. Seller agrees to supply to buyer any survey, soils reports, environmental reports, or other written information in the seller`s possession as it relates to the property once under contract. Buyer is responsible for all related costs associated with vetting, entitling, or developing the proposed development such as architectural, soils, survey, civil, structural, etc. In the event any costs are incurred by Assignor at, before, or after closing those costs shall be reimbursed by Assignee within 3 days of receipt of invoices or other written verification from Assignor. Seller will provide a detailed, itemized list of the soft costs accrued over the course of entitling/developing this property to date. Seller is willing to negotiate on price for a quicker close.

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© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated: 2023-01-28T21:41:46.837.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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3923 W 38th Ave Denver, CO 80212

  • Price: $5,100,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 32 min ago
  • MLS #: R5777057
0
Beds
0
Baths
0
½ Baths
0.77
Acres
Neighborhood:
Argyle Park
County:
Denver
Area:
12 Denver Metro area
School District:
Denver 1
Property Description
This listing is inclusive of the following addresses: 3923-3929 W 38th Ave (schedule #s: 0219424009000 & 0219424026000, legal descriptions: FIRST ADD TO ARGYLE PARK 02194 B8 E 77FT L20 TO 24 INC & FIRST ADD TO ARGYLE PARK B8 L17 TO 19 INC & W 50FT OF L20 TO24 INC) as well as 3838 Perry Street (schedule #: 0219424005000, legal description: FIRST ADD TO ARGYLE PARK 02194 B8 L14 TO 16 INC). All three lots will make up a 25-unit development project consisting of townhomes and duplex product types which are currently being entitled with the City of Denver. First SDP was submitted in November 2022. Two units facing 38th Ave will be affordable, which has already been negotiated with the city and neighborhood groups and will not increase. One of the two affordable units will be unparked. The large L-shaped unit will be designed with significant lock-off portion. (roughly 990sf). This will make a phenomenal rental/AirBnB. Seller agrees to supply to buyer any survey, soils reports, environmental reports, or other written information in the seller`s possession as it relates to the property once under contract. Buyer is responsible for all related costs associated with vetting, entitling, or developing the proposed development such as architectural, soils, survey, civil, structural, etc. In the event any costs are incurred by Assignor at, before, or after closing those costs shall be reimbursed by Assignee within 3 days of receipt of invoices or other written verification from Assignor. Seller will provide a detailed, itemized list of the soft costs accrued over the course of entitling/developing this property to date. Seller is willing to negotiate on price for a quicker close.
Exterior Features

Attached Garage YN No Garage Type None Horse YN No Waterfront YN No

Property Features

Association YN No Crops None Exclusions None Has Hoa Covenants No Has Water Rights No Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Denver New Construction YN No Property Condition Not NewPreviously Owned Property Sub Type Unimproved Land Sewer City SewerPublic Sewer Special Listing Conditions Other Owner Tax Annual Amount 16487 Tax Year 2021 Water Source City Water Zoning U-Ms-3

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Paul Ko of Redt Llc: (303) 997-4001.



© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated: 2023-01-28T21:41:46.837.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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