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If you have 1031 exchange funds or investment capital and want significant growth and total security for the benefit of future generations, 2601 N. Zuni is the perfect property for you! The property is priced at one-third of its true fair market value. The NNN rent is only $15,000 per year. However, the NNN graound lease requires the tenant to pay every expense and tax. Since it is one of the few remaining top apartment sites with 12-story zoning and incredible views of Downtown Denver, the property will continue to appreciate each and every year. When the ground lease is terminated or expires, the actual value will be many times the price you paid, and you or your beneficiaries will receive this incredible profit. .
This property's value will significantly appreciate each and every year. When the lease is terminated, the property will generate a record-setting price as one of the best apartment development sites in Colorado. Uncertainly with the Lease = Yes. Significantly Rewarding in the Future = Definitely Yes.
You are paying only one-third of the fair market value of this property today. 2601 N. Zuni is leased to U.S. Motels, Downtown Inc. which is owned by Bruce Rahmani. Rahmani's leasehold interest doesn't expire until May 10, 2055 or sooner if a termination agreement is reached. Then you or a top-level developer will have the opportunity to construct a spectacular 12-story apartment complex on this site!
Copyright © 2023 Denver Views - All Rights Reserved. DISCLOSURE: The seller of 2601 N. Zuni is Real Property LLC, which is owned and managed by Neil Macey, who is Managing Broker for Denver Equities, LLC, a Colorado real estate brokerage firm.
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