Active
1225-1255 Xavier Street
Denver CO, 80204
$5,250,000
$203.49 per sqft
Active
0.59 Acres
Land
Xavier Residences is a near permit-ready investment opportunity to develop a unique hybrid for rent / for sale multi-family project. The final permit approval for this project is anticipated early Spring 2024.
The architectural plans encompass 71 units, with a breakdown consisting of 61 apartment units and an additional 10 townhome-style units available for sale. Notably, Xavier Residences stands as one of the last expansive development parcels in West Colfax.
Of strategic benefit to the developer, the project underwent review before the implementation of Denver's new "Expanding Affordable Housing" development requirements, positioning the project advantageously within the regulatory landscape.
** Complete shovel-ready construction drawings and permit approval anticipated early Spring 2024
** One of the last expansive development parcels in West Colfax
** Multiple exit strategies: POtential for Hybrid rent / for sale component: 61 apartment units & 10 townhome-style units
** Permitted prior to new Affordable Housing Requirements
3505470
MLSⓇ ID
February 13, 2024
Listed
March 21, 2024
Updated
Map
1225-1255 Xavier Street
Denver CO, 80204
Exterior/Building Features
Lot Size
0.59 Acres
Lot Features
Level
Sewer
Public Sewer
School Information
School District
Denver 1
Other Property Details
Taxes
$3,123
Tax Frequency
Annually
Garage
Yes
Garage Spaces
57
Parking Total
57
View
Yes
View Description
Valley, Water
County
Denver
Pool
No
Zoning
G-MU-5
Buyer Agency Compensation
2%
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