5239 Balsam Street, Arvada


2 Beds
1½ Baths
1,456 Sqft
1 Acres
0 Garages

Rare opportunity in Olde Town Arvada. This exceptional property offers an opportunity for future development, boasting a meticulously planned 12-unit townhome project that includes full architectural plans, soil tests, surveys, etc. guaranteeing a solid foundation for your project. Situated in the highly sought-after Olde Town Arvada, this property benefits from its prime location within walking distance of a vibrant array of restaurants, shops, and the convenient Light Rail Station. The existing ranch-style home on the property offers nearly 1,500 square feet of comfortable living space. With 2 bedrooms and multiple spacious living areas, wood-burning stove this home provides a cozy haven for potential tenants. The property also includes multiple barns and storage facilities, catering to various needs and expanding the potential uses of the land. With the potential to generate up to $3,500 a month in rental income.The current owner is open to a partnership, presenting an exciting chance for collaboration on this project. Whether you're an experienced developer looking to join forces or an investor seeking to enter the real estate market, this unique partnership avenue adds another layer of potential.

Status: Active

Metrolist Services Inc (Colorado) Logo Coldwell Banker Realty-Boulder.

Essential Information
MLS® #IR996440
Full Baths1
Half Baths1
Square Footage1,456
Year Built1904
Sub-TypeSingle Family
Community Information
Address5239 Balsam Street
Zip Code80002
UtilitiesElectricity Available
HeatingForced Air
CoolingCeiling Fan(s)
Interior Features

Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)

Lot DescriptionLevel
School Information
DistrictJefferson County R-1
Additional Information
Date ListedSeptember 15th, 2023
Parking Spaces2
ParkingRV Access/Parking
Listing Details
Metrolist Services Inc (Colorado) LogoColdwell Banker Realty-Boulder

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Listing information last updated on October 1st, 2023 at 11:18pm MDT.