Shovel-ready eleven unit apartment development site with approved building permit and full set of architectural/structural/MEP plans. This 7,500 SF parcel is located on DU's sorority row, one block from campus (A+ student housing location). Opportunity to break ground immediately following acquisition. Approved building is designed to have 10,632 SF above-grade (including mezzanine space). Basement space will offer another 2,277 SF and provides additional value-add/income opportunities. Unit mix includes a 4-bedroom unit, two 3-bedroom units, two 2-bedroom units, two 1-bedroom units, and four studios. Design calls for 8 covered parking spaces and storage for 11 bicycles. The existing/vacant single family home that currently sits on the parcel has 3 bedrooms and 1.5 bathrooms above grade, an additional living area/bedroom/bathroom/kitchen in the basement, and was recently leased for $2,800/month. The house and other improvements on the parcel will be conveyed on an as-is basis.
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