Denver Multifamily Development Land with Approved Permits

This listing presents a rare shovel-ready multifamily development opportunity in the Denver Metro area. The property boasts approved permits for utilities and master plans, with a long-term vision supported by national feasibility studies for urban renewal. Land value is rapidly appreciating, estimated at $90,000 - $120,000 per month. Construction for horizontal and vertical development is projected to take 12 months, with expenses under 30% leading to rapid stabilization and a cap rate potential twice the Denver Metro median. The seller has reclassified assets to multifamily, enabling a projected 40% cash flow profit and is willing to guarantee construction budgets with the original architect and engineer. This is an attractive opportunity for seasoned developers seeking a superior capital asset with predictable income projections.