3923-3929 W 38th Avenue, Denver, CO 80212

Property Description

This listing is inclusive of the following addresses: 3923-3929 W 38th Ave (schedule #s: 0219424009000 & 0219424026000, legal descriptions: FIRST ADD TO ARGYLE PARK 02194 B8 E 77FT L20 TO 24 INC & FIRST ADD TO ARGYLE PARK B8 L17 TO 19 INC & W 50FT OF L20 TO24 INC) as well as 3838 Perry Street (schedule #: 0219424005000, legal description: FIRST ADD TO ARGYLE PARK 02194 B8 L14 TO 16 INC). All three lots will make up a 25-unit development project consisting of townhomes and duplex product types which are currently being entitled with the City of Denver. First SDP was submitted in November 2022. Two units facing 38th Ave will be affordable, which has already been negotiated with the city and neighborhood groups and will not increase. One of the two affordable units will be unparked. The large L-shaped unit will be designed with significant lock-off portion. (roughly 990sf). This will make a phenomenal rental/AirBnB. Seller agrees to supply to buyer any survey, soils reports, environmental reports, or other written information in the seller`s possession as it relates to the property once under contract. Buyer is responsible for all related costs associated with vetting, entitling, or developing the proposed development such as architectural, soils, survey, civil, structural, etc. In the event any costs are incurred by Assignor at, before, or after closing those costs shall be reimbursed by Assignee within 3 days of receipt of invoices or other written verification from Assignor. Seller will provide a detailed, itemized list of the soft costs accrued over the course of entitling/developing this property to date. Seller is willing to negotiate on price for a quicker close.