• Asking Price See Price
  • Estimated Value: $709,129
  • SHERIDAN LAKEWOOD, CO 80214

  • 1 Bed 1 Bath 650 SqFt
  • Single Family Home / REO Foreclosure

Property Details for SHERIDAN St, LAKEWOOD, CO 80214

Features

Facts

Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Multi-family development opportunity in blocks from Sloans Lake! This large set of two lots is over 13,000 sqft and is zoned MGU (1545 Sheridan) and R-MF (1555 Sheridan), and there is development potential for up 19+ units. The property is ideally located within walking distance to Sloan's Lake, the Edgewater Marketplace, restaurants, and shopping. The current home and adjacent lot is rented month to month for a total of $2,115.00 (1545 Sheridan for $1,595.00 and 1555 Sheridan for $520.00). This is a perfect covered land play for an investor interested in developing the lots.

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