Multifamily Development Land in Denver Metro - $7M Asking Price

This listing presents a prime opportunity for multifamily development in the Denver Metro area, featuring a 'shovel-ready' status with all necessary permits for utilities, water, and master plans approved and guaranteed by the City and County for three years. The property is situated in a location benefiting from national feasibility studies for long-term urban renewal, indicating strong future potential. Land value is rapidly appreciating, estimated at $90,000 - $120,000 per month. With approved master plans, construction of both horizontal and vertical elements can be completed within 12 months by a seasoned developer, aiming for expenses under 30% to enhance cap rate and achieve rapid stabilization. The neighborhood's performance exceeds feasibility study estimates, providing predictable income projections. The seller is motivated to consider reasonable offers and will proceed with construction and holding the property if no attractive offers are made. The seller also offers guarantees on construction budgets, backed by the architect and engineer involved in the project. This offering is ideal for developers looking for a well-positioned, permitted land parcel with significant upside potential.