1600 Steele St Denver, CO 80206

Listing details for 1600 Steele St, Denver, CO 80206 : Exceptional opportunity in highly desirable South City Park! A 4,690sf corner lot zoned U-TU-O with UO-3 overlay offers incredible potential for live on, investors or developers looking to build equity through renovation. Whether you’re envisioning a thoughtful remodel, expansion, or redevelopment, the flexible zoning opens the door to a variety of possibilities. Buyer to verify zoning, use, grandfathered status, rents, leases, unit configuration, and future rental options. The Denver Square has been thoughtfully converted into 2 separate units and 4 large one bedroom apartments were added behind. A gigantic 7th unit is in the basement. Numerous charming and elegant Victorian details have been preserved, adding character to the living spaces. Heat is provided by a central boiler. Gas & electricity are separately metered and laundry is on site. The most compelling element of this asset is the significant upside in the rents. This property is ideal for an owner-occupant or investor, producing cash flow, tax write-offs and growth. 1600 Steele is on a tree-lined street surrounded by established homes, one block to City Park with easy access to Cherry Creek, Colfax Redevelopment, downtown Denver, and major thoroughfares. A rare chance to secure an asset with value-add potential in a great neighborhood!!!