7025 W 20th Avenue

LOCATION! Just 1 mile to Sloan's Lake and Edgewater Public Market & Shopping! Build 2 single family homes ~ $2.5M - $3.0M or a duplex, valued @ $2.2M - $2.5M! This vacant lot = RED outline shows you can build 2 units ('3' and '4')*The Yellow Lot, Lots 1 & 2 - 7031 W. 20th Ave - is also for sale for $699,900 AND includes a single family home PLUS the buildable single family lot on North part of lot**Per R2 zoning AND City of Lakewood 11/15/2023 written communication to Owner, you are allowed to build 2 single family, stand alone houses by a simple legal process to 'condominiumize' the lot**Per REALIST/Public Record, 7051 W. 20th Ave (just 2 lots to West) sold for ~ $862,500 on 6/23/2023 - and it was only 1,648 sq.ft. above grade and 1,648 in basement, a relatively small home. So you absolutely can build 2 larger, more valuable $1M+ homes EACH - up to $3M total value**or stay smaller too! Of the 2 homes to be built, you'd have City Views on '3' b/c of a secluded wooded area in back + separation from Geneva Court to the North because of a public water ditch and green space.**Build a Walk-Out Basement to increase your value and functionality, because it is perfectly sloped for a natural build-out!***In lieu of 2 stand alone homes, you are allowed to build a duplex like the neighbor directly West on 2020 Teller Street (1 block over), which per Realist/Public Record SOLD for $1,100,000 on 6/02/2023 @ $369/foot***2020 Teller Street shows as expired but actually sold - check Realist/Public Record. *UNIQUE OPPORTUNITY: You can also BUY ADJACENT 7031 West 20th Ave property & build THREE (3) single family, (all detached) homes + owning the existing 100% REMODELED home to offset costs AND/OR live in while developing! It has 2 kitchens, 2 washer/dryers, 2 living spaces, 2 baths = PERFECT Land Cover Play! When finished, sell off 3 and keep one FREE & CLEAR or keep one as investment, etc., etc. You can do what you want! Hurry, this unique opportunity will go soon!

Listing Office: CJV Real Estate