1290 Kipling Street

Lakewood, CO 80215

*Price reduced* A must see! This is a wonderful .61-acre property ideal for investors. For the re-zoning investor this huge lot offers an opportunity to build a large structure for business or multifamily living. For the rental investor there are two houses and a 2-car detached garage already on the property. Get your rent income while you work out your zoning wishes for the future. Both houses are considered 1290 Kipling and must be sold together with the lot. The north house, built in 1944(for now referred to as 1292 for ID) will be used as the primary house and the south house, built in 1929(will be referred to as 1290 for ID). Currently the property is zoned SFR but has a nonconforming certificate from the city of Lakewood allowing the two houses to exist as zoned as long as they are used as rentals. For the purpose of input in the MLS, 1292 will be used as the primary house and 1290 will be the ADU. Total sf will be shown for both houses-1292 is 1184 sf with a 280sf basement-1290 is 750 sf with a 250sf basement (county records seem to be different for 1290). 1292 has 4 bedrooms, 1 bath, and one bsmt nonconforming bedroom. 1290 has 3 bedrooms(1 bsmt conforming) and 2 baths. 1290 has a refrigerator, dishwasher, stove. Lakewood indicates that the property as it stands is zoned horse property with space for 2 large animals. Lakewood also indicates that the property could be subdivided for 2 single family homes. Lakewood's Historical Belmar Village wrote this historical site still has the concrete water tank that was used for irrigation. This spacious lot is close to light rail, shopping, restaurants, and direct routes to the mountains and downtown. There are two access drives-one from Kipling and one from Johnson St. Two new houses being built in the area are a reflection of the neighborhood value. The property is being sold "as is". In this metro area of decreasing available land of this size--where will you find a better investment/value? Take advantage!!

Listing courtesy of Sterling Real Estate Group Inc 7202342784



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