CO > Aurora > Waterford Place Sub 2Nd Flg 1St Amd
Aurora, CO 80014,2225 S Iola
Aurora, CO 80014,2225 S Iola
Aurora, CO 80014,2225 S Iola
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$485,000
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9,583 Sqft Lot
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2225 S Iola Aurora, CO 80014

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Perri Smith

Perri Smith

+1(720) 704-0606

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Waterford Place Sub 2Nd Flg 1St Amd

MLS Listing ID IRE1048725

HOA Fees $250/mo

HOA Y/N Yes

Annual Tax Amount $4,925

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Unimproved Land

Source ires

Property Description

Fantastic Investment Opportunity. Last Undeveloped Land in Private Neighborhood HOA Community. There is no Real Estate Sign at Property. Please be mindful of Current Homeowners in the Neighborhood. This will be the Only Units, in Waterford Place, with a 2 Car Garage for Each New Townhome. All Documents Available and City of Aurora Ready for Permits. Triplex, Once Building is Completed can File for Division of Units to then Sell as Three Separate individual Improved Property Lots. Administrative Approval on Triplex Land Development. Drainage Plan Approved. Complete Detention Pond Project included in Plans. Triplex Design Approved. Land Survey Complete. HOA Dues not Payable and Due until Occupancy Permits are Received for each Unit. Current Owner pays Periodically for Lawn Mowing. HOA covers Snow Removal, Private Road Care, Signage, Common Landscaping, Lawn Care, Trash & Non Potable Water Use. Last Property Sale was Inter Office LLC Transfer Between Partners. Seller will be performing a 1031 Exchange. All Inquiries Welcome. Please Call the Agent with any Questions and all Inquiries to Provide additional information needed. Seller willing to Discuss Taking on Building Project to its Fruition for a Buyer/Investor. Seller will continue Obtaining permits, Utility Installation and all necessary Construction pursuits while this Property is on the Market. Updates will be made. Please call with Any Questions. This is a Unique Opportunity. Attached Documents: Some are not Recorded yet, Minor Changes could be made, However City of Aurora is in Final Approval for Document Recording. HOA Agreements are Finalized and to be recorded for Building Construction Accommodations etc. Title Commitment is Pulled and Updated as needed as we move forward.

Location

State CO

County Arapahoe

Community Waterford Place Sub 2Nd Flg 1St Amd

Area Metro Denver

Zoning R-2

Direction Private Road S Iola St at the end of the Street before Cul-De-Sac Turnaround. Private Neighborhood.

Exterior

Fence Partial, Wood, Other

Community Features Park

Utilities Available No Utilities, Cable Available, Electricity within 100 ft., Natural Gas within 100 ft., Natural Gas Available

View Y/N Yes

View Mountain(s)

Improvements No

Garage No

Building

Lot Description Cul-De-Sac, Corner Lot, Evergreen Trees, Deciduous Trees, Native Grass, Level, Sloping Lot, House Faces North, City Lot, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet, Mineral Rights Excluded

Sewer Public Sewer, None, See Remarks

Water City, None

Schools

Elementary Schools Ponderosa

Middle Schools Prairie

High Schools Cherry Creek 5

School District Cherry Creek 5

Others

HOA Fee Include Trash,Snow Removal,Maintenance Grounds,Management

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Licensed Owner

Information and Real Estate Services (IRES)
Listed by Gina Lee Cimino

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Perri Smith

Perri Smith

+1(720) 704-0606

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2225 S Iola