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517 Josephine St - 517 Josephine St 0.11 Acres of Residential Land Offered at $1,600,000 in Denver, CO 80206
Investment Highlights
- Best neighborhood in Denver; surrounded by multimillion dollar properties.
- Habitable and making money now. Keep it as two units or open up the entire home to live in or rent!
- Primed for redevelopment G-RH-3 Zoning.
Executive Summary
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $1,600,000 | Lot Size | 0.11 AC |
| Price Per AC | $14,545,454.55 |
| Price | $1,600,000 |
| Price Per AC | $14,545,454.55 |
| Lot Size | 0.11 AC |
Surrounded by multi-million dollar homes in the heart of Cherry Creek North. Zoned for two 3-story tall town homes with an additional ADU in the back. There is currently an income producing habitable home. Realtor Owner.
Description
Surrounded by multi-million dollar homes in the heart of Cherry Creek North! The lot itself is zoned for two 3-story tall town homes with an additional ADU (accessory dwelling unit) in the back - a 3-bay garage with another residential unit on top of the garage. The upside to this property is significant! As it sits now, it's making money due to the rental at the basement level and tremendous amount of parking. Open up the entire home all for you or continue to rent one or both units! Buy now, build equity, develop later! Incredible area - 1 block to amazing restaurants, Cherry Creek Mall 2 blocks away, walk everywhere! HUGE garage with electricity as well as your own private driveway, new roof & gutters, new water heater, remodeled kitchen upstairs and downstairs. Both bathrooms have been remodeled, upstairs is the original and massive claw-foot cast iron tub. Back yard is GORGEOUS, private and quiet. Stamped concrete patio, pergola and lots of exterior lighting, some no-maintenance/xeriscaping features have been incorporated to save on water! Professional landscaping, lovely garden area and flagstone patio on the south side of the home, beautiful mature trees and newer fence. English ivy and huge lilac tree. Lovely fully enclosed sun porch at the front of the home, finished and currently being used as an office space and additional living space. LED and solar lighting features. This home has been well maintained, loved and cared for. One of the original homes in Cherry Creek North! Buyer and buyer agent to verify ALL. There's lots of possibilities and tremendous upside with this one. Check zoning with the city and county of Denver. This is a lovely home in the BEST neighborhood in Denver and is move in ready!
Property Taxes
| Parcel Number | 5016-34-034 | Total Assessment | $73,120 |
| Land Assessment | $46,100 | Annual Taxes | ($1) |
| Improvements Assessment | $46,100 | Tax Year | 2025 |
Property Taxes
Presented by
Sara Sells Colorado
517 Josephine St - 517 Josephine St
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