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$2,600,000 (USD)
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Conifer Heights Area Land

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10250 Highway 73 Conifer, CO 80433

Bed
0 Baths
sqft
MLS# 9218935
Conifer Heights spans approximately 25 acres and is designated for planned development, offering a maximum of 60 units or GFA of 100,230 sf of attached family dwellings. This well-situated property is accessible via both Highway 285 and Highway 73, providing convenient transportation options.
Highway 285 is a major arterial route that plays a crucial role in connecting the Greater Denver area, including the C-470 corridor, to the mountain regions. This highway supports a diverse range of traffic, including residential, commuter, and tourist flows, making it a vital thoroughfare for the area. The presence of Highway 73 further enhances accessibility, ensuring seamless connectivity for residents and visitors alike.
The surrounding land use along Highway 285, both to the south and north of Conifer Heights, is characterized by a vibrant commercial corridor that serves the needs of the local communities. This corridor includes a variety of businesses and services, contributing to the economic vitality of the region.
One of the standout features of this area is the flagship Safeway store, which is located directly south of the property. This prominent retail establishment not only provides convenient shopping options for residents but also anchors the commercial activity in the vicinity. The strategic location of Conifer Heights, combined with its access to major highways and proximity to key commercial amenities, makes it an ideal location for family dwellings and contributes to its appeal as a desirable residential community.
Listing Courtesy of Windermere Real Estate Centennial / John Putt as distributed by MLS GRID
$2,600,000 (USD)
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University District Area Multifamily

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4738 17th Avenue NE Seattle, WA 98105

Bed
0 Baths
5186 sqft
MLS# 2427494
Clear & Present 8.0 Cap Rate ~ Welcome to Madison Manor. Quintessential high occupancy/ high cap/ low cost UW Greek Row 18-Unit. Leased to same group w/ zero vacancy 5+ years & pre-leased till August 2027 w/ All Deposits & Cosigners. Numbers shown in Listing are 2025 actual. Exemplary condition: four levels sprinkler system serviced yearly, all newer double windows, commercial furnace 2022, all copper inside, good electrical panel/ wiring/ roof/ commercial water tank, RRIO certified by city Dec 2023, pro exterior paint 2019, new kitchens & baths & flooring 2020, full Inspection Reports available. Madison Manor retains 80+% of GSI year after year, by UW Main Entrance w/ prestige of high demand for 17th Boulevard Greek Row. Smart groups seek the giant front porch & formal entry hall, high ceilings & heavy wood trim, grand box beam living room adjacent to main kitchen, wide staircases & open landings, 2nd Kitchen/ 2nd Entry for Duplex Use, paved alley w/ 4 parking stalls, etc. Key Factor is Room Size: 3 medium + 15 giant Bedroom's, some 200+ sqft, some w/ dual sleeping alcoves, all to attract & retain this proven 2025-2026-2027 $1192/m per unit. Prior 2025 Buyer applied for 25% Down; was approved @ 40% Down/ 7.0% IR fixed for 30 yrs. This DSCR Loan is appraised & avail to you = turn key 8-10% cash flow & ROI. Other comm loans avial too. It's unusual to see zero vacancy & NOI at 80% over five years, for Madison Manor it's business as usual by the University.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Matthew Townsend as distributed by MLS GRID