Homes for sale - 2825 Lake AVE, Pueblo, CO 81004

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Veronica Carcamo

veronicacarcamorealtor@gmail.com +1(720) 331-7402

$ 49,900

Est. payment | -/mo

0.58 Acres Lot

Save

$ 49,900

Est. payment | -/mo

Save

0.58 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision 135 South Lake Ave Area

MLS Listing ID 3573896

HOA Y/N No

Originating Board recolorado

Tax Year 2023

Lot Size 0.580 Acres

Acres 0.58

Property Sub-Type Unimproved Land

Property Description

Fabulous upside in this .58-acre lot with mountain views in the up & coming southwest corridor! City planners will allow rezoning to R4 or R5 - see Document tab for details. Commercial or B4 zoning is another alternative, although the highest & best use at this time is Multifamily. It is located in the Mixed Neighborhood Future Land use category which allows commercial rezonings or multifamily. The adjacent property on the Lake Ave side is the only "real" neighbor and is the same sized lot containing 4 small, nicely updated & maintained units currently producing a gross revenue of $6,000 monthly. The original parcel was 1.16 acres, split into 23 narrow lots (running north/south), and originally a horse ranch so the current zoning is A-4. The newly-divided parcel is 11 lots (legal description & parcel number in Documents tab) and the address(es) is TBD based on the development use. The seller's original plan was to hold & develop in a few years, hoping to convince the city to allow 6-8 units, given that it's already split into 11 lots, and is congruent with housing in the area. Taxes will also be determined based on the development. According to recent correspondence with city planners, rezoning is only a few hundred dollars and shouldn't take more than 90 days. They also stressed that the city is focusing on making development much easier in Pueblo moving forward due to the residential housing shortage. Ideal location with 2-mintue access to I25; super close to Pueblo Blvd development and high-walkability with a bus stop steps away – yet, far enough from Lake Ave that it's quieter and less congested. Located on the NE Corner of Berkeley & Maryland (GPS 2825 Lake Ave to get close). Great deal to take advantage of the rapidly increasing rental rates in the area. Feel free to contact Cassie - agent/owner with any questions at 303.726.6533.

Location

State CO

County Pueblo

Zoning A-4

Interior

Fireplace N

Exterior

Fence Fenced Pasture

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available

View Meadow, Mountain(s)

Garage No

Building

Lot Description Corner Lot

Water Public

Schools

School District Pueblo City 60

Others

Ownership Agent Owner

Acceptable Financing 1031 Exchange, Cash, Conventional, Owner Will Carry, USDA Loan, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, Owner Will Carry, USDA Loan, VA Loan

Special Listing Condition None

Listed by LISTINGS.COM • csheets@listings.com,303-726-6533

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(720) 331-7402

veronicacarcamorealtor@gmail.com

Denver

2825 Lake AVE Pueblo, CO 81004