This lot in the suburbs is a rare gem for those looking to invest in a multifamily property. Currently this lot has a residential home that is being occupied by a tenant with a current lease signed until end of June 2025. This property, set in a peaceful neighborhood, is a canvas waiting to be transformed into a thriving multifamily residence community. Its zoning for multifamily use opens up endless possibilities for creating a community of homes that blend modern living with suburban charm! Currently Welby Road is being improved to provide roadway widening along with medians, curbs, sidewalks, street lighting and multi-path trails! In addition the N line light rail project was completed and opened in 2020. The Thornton 88th station is just a short 1.6 miles away and the 18.5-mile electric commuter rail line will connect North Adams county with Union Station, Commerce City, Northglenn, and Thornton. The property’s zoning is Residential 4 – which provides a minimum density of 14 units per acre while the maximum density is 35 units per acre! Multifamily units in the area sell for 360K+. Seize the chance to shape this lot into a bustling hub of residential living, where families can flourish in a tranquil suburban setting. Don’t miss out on the chance to turn this blank canvas into a thriving multifamily community in the heart of the suburbs!
Owner does have soil testing, survey, a concept site plan that he’d be happy to provide the purchaser of this property.
The data relating to real estate for sale on this website comes in part from the REColorado.
All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Sessions Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are the best approximations only and exact locations should be independently verified.
