75% occupied quadplex on a 12,300 SF lot zoned C-MX-5 (up to 5 stories) offering immediate income with exceptional redevelopment upside. Located in the heart of University Hills, 2133 S Ash St sits among active multifamily and townhome projects and is surrounded by strong fundamentals near DU, Wash Park, Bonnie Brae, and major transit corridors. Recent statewide code changes including parking reform and stairwell flexibility has significantly enhanced density and feasibility, making this site ideal for a 30+ unit apartment project, 5-7 townhome development, or mixed-use with retail. Existing improvements include two 1-bed/1-bath units and two 2-bed/1-bath units, with one unit vacant and ready for renovation and remaining tenants on month-to-month leases, allowing flexibility for repositioning or redevelopment. Previously appraised at $2,050,000 (2025) and now offered at $1,480,000, this is a rare opportunity to acquire a high-density infill site below appraised value with cash flow while entitlements and planning are underway. Huge preferred lender incentive available, contact listing agent for details.