Homes for sale - 135-137 S Lamar ST, Lakewood, CO 80226

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Jacqueline Fazendin

jacqueline.fazendin@engelvoelkers.com +1(612) 481-1955

$ 525,000

Est. payment -/mo

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Active

135-137 S Lamar ST Lakewood, CO 80226

0.34 Acres Lot

UPDATED:

10/03/2024 02:14 PM

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active

Purchase Type For Sale

Subdivision Belmar Area

MLS Listing ID 4115047

HOA Y/N No

Originating Board recolorado

Annual Tax Amount $3,456

Tax Year 2023

Lot Size 0.340 Acres

Acres 0.34

Property Description

Here is an amazing opportunity in the Belmar area of Lakewood for a scrape, lot divide and build new with to up to four separate units possible! No HOA so no concerns there. Currently there is a 1610 Sq,Ft. duplex on a 14,633 Sq.Ft. corner lot that is zoned R-2. The property's condition is average to below average and is on that fine line between scrape or renovate. In my opinion the highest and best use is to scrape, divide the lot in two and build a new single family PLUS and an ADU on each side, creating 4 (four) total units. I spoke to a City of Lakewood planner and engineer several times and this very possible. There is a minor City of Lakewood (not FEMA) flood plain that nicks the corner of the lot (see pic) but will not reduce building envelope and actually I am told it will be revised and probably removed in the next year or so. Although the current total rents are low ($2470/mo), both sides are rented through 6/30/2025 so enjoy some cash flow while you gather permits & plans, etc. Welcome to drive by but please DO NOT contact tenants. Any showing will be arranged privately when under contract. Should be no problem with conventional financing but no FHA or VA. See supplements for R-2 Zoning and ADU guidelines. Seller will be doing a 1031 Exchange.

Location

State CO

County Jefferson

Zoning R-2

Interior

Fireplace N

Exterior

Fence Partial

Garage No

Building

Lot Description Corner Lot, Subdividable

Sewer Public Sewer

Water Public

Schools

School District Jefferson County R-1

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

Listed by RE/MAX PROFESSIONALS • 303-907-8660

Jacqueline Fazendin

Advisor

+1(612) 481-1955

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