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2825 Lake Avenue

Pueblo, CO 81004
  • $89,900
  • STATUS: Active
  • ON SITE: 82 Days
  • ID#: 1543137
$89,900
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

School District:
REcolorado logo Offered by LISTINGS.COM.

Description

Fabulous upside in this .58-acre lot with mountain views in the up & coming SW area of Pueblo! City planners will allow rezoning to R4 or R5 - or 4 or 5 rental units (Document tab for details). Commercial or B4 zoning is another alternative, although the highest & best use at this time is Multifamily in the city's opinion. 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 units currently producing a gross revenue of more than $6,000 monthly. The original parcel was 1.16 acres, split into 23 narrow lots (running north/south see Document tab), and formerly 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 (Documents tab has contact information to verify info), rezoning is only a few hundred dollars and shouldn't take more than 90 days. They also stressed that the new City of Pueblo regime will be focusing on making development much easier in Pueblo moving forward. Ideal location with 2-mintue access to I25 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!

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Dennis Jeffery and Pedro Siqueira / Liv Sotheby's International Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.coloradohouse.net/homes/147187803
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2825 Lake Avenue Pueblo, CO 81004

  • Price: $89,900
  • Status: Active
  • On Site: 82 Days
  • ID#: 1543137
0
Beds
0
Baths
0
½ Baths
0.58
Acres
Neighborhood:
135 South Lake Ave Area
County:
Pueblo
Area:
Pueblo
School District:
Pueblo City 60
Property Description
Fabulous upside in this .58-acre lot with mountain views in the up & coming SW area of Pueblo! City planners will allow rezoning to R4 or R5 - or 4 or 5 rental units (Document tab for details). Commercial or B4 zoning is another alternative, although the highest & best use at this time is Multifamily in the city's opinion. 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 units currently producing a gross revenue of more than $6,000 monthly. The original parcel was 1.16 acres, split into 23 narrow lots (running north/south see Document tab), and formerly 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 (Documents tab has contact information to verify info), rezoning is only a few hundred dollars and shouldn't take more than 90 days. They also stressed that the new City of Pueblo regime will be focusing on making development much easier in Pueblo moving forward. Ideal location with 2-mintue access to I25 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!
Exterior Features

Attached Garage YN No Carport Spaces 0 Fencing Fenced Pasture Lot Features Corner Lot Lot Size Area 0.58 Offstreet Spaces 0 Parking Total 0 Road Frontage Type Public Road Surface Type Paved Rv Spaces 0 View MeadowMountain(s)

Property Features

Association Fee Annual 0.00 Association Fee Total Annual 0.00 Association Fee2 Annual 0.00 Association Fee3 Annual 0.00 Association YN No Comparable Listing YN No Electric 110V Exclusions None Listing Terms 1031 ExchangeCashConventional Multiple Associations YN No Ownership Agent Owner Possession Closing/DOD Property Sub Type Unimproved Land Restrictions Covenants YN No Road Responsibility Public Maintained Road Special Listing Conditions None Tax Annual Amount 0 Tax Legal Description Lots 12345678910 and 11Block 16in SunnysideAccording to the recorded plat thereofCounty of PuebloState of Colorado. Parcel 1514416120 (see Documents Tab) Tax Year 2023 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone Available Water Included YN No Water Source Public Zoning A-4

REcolorado logo Listing courtesy of LISTINGS.COM:csheets@listings.com,303-726-6533. MLS #1543137


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Dennis Jeffery and Pedro Siqueira / Liv Sotheby's International Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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Dennis Jeffery and Pedro Siqueira / Liv Sotheby's International Realty
31955 Castle Court, Unit 1 South
Evergreen CO, 80439
REcolorado logo Offered by LISTINGS.COM.