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William Watson

bill@watsonrg.com +1(720) 463-0002

$599,000

Est. payment - /mo

1 Bed

1 Bath

1,300 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $460

Subdivision Edgewood

MLS Listing ID 2817796

Style Bungalow

Bedrooms 1

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 650

Year Built 1939

Annual Tax Amount $2,466

Tax Year 2025

Lot Size 0.304 Acres

Acres 0.3

Property Sub-Type Single Family Residence

Source recolorado

Property Description

This modest house could be a great first time buyer investment. It sits on a large lot, conveniently located at the convergence of Lakewood, Edgewater, and Denver. The W Colfax and Sheridan corridor has seen sustained residential investment over the past decade steadily narrowing the gap between what this land is and what it can become. The zoning M-G-U at 1545 Sheridan and R-MF at 1555 Sheridan carry no maximum or minimum unit density, leaving you free to determine the right course of action for its future. From adding an ADU to building two new homes with ADUs to maximizing density is all up to you.
Both parcels are occupied on month-to-month leases. 1545 Sheridan, as a 1-bed/1-bath residence at $1,600/mo, and 1555 Sheridan as a vacant lot lease at $500/mo- generating $2,100 combined if the added income benefits your vision. Sloan's Lake Park and Bus Stop are just steps away, the Sheridan Station (W Line) is less than half a mile with direct service to Union Station and the Denver Federal Center. The Edgewater Marketplace-Target, King Soopers, Alamo Drafthouse-is within one mile. Walk Score:86.

Location

State CO

County Jefferson

Zoning M-G-U & R-MF, Lakewood

Rooms

Basement Daylight, Full

Main Level Bedrooms 1

Interior

Interior Features Breakfast Bar, Built-in Features

Heating Forced Air

Cooling Other

Fireplace N

Appliance Range

Exterior

Exterior Feature Private Yard

Parking Features Concrete

Garage Spaces 2.0

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Lot Description Level

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Concrete,Frame

Schools

Elementary Schools Edgewater

Middle Schools Jefferson

High Schools Jefferson

School District Jefferson County R-1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Listed by Keller Williams Advantage Realty LLC

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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1545 N Sheridan BLVD Denver, CO 80214