Aurora Buy & Hold Opportunity/ 1982 Build! (Non-MLS)

[Allison G.]

Excellent buy and hold investment opportunity in quickly appreciating Denver metro area. Home will already have equity- it could be a quick rehab and relist.

Bedrooms: 3 *Currently a 2 bedroom but the budget includes walling up a 2nd living room

Bathrooms: 1

Garage Spaces: 2

Square Feet: 1,272

ARV: $254,000

Rehab(Resale Budget): $18,622

Rehab(Rental Budget): $11,300

Rental Rate: $1,350-1,400

Price: $194,000

Close Date: November 6, 2015

This is an assignment of contract, no double close fees

Buyer pays all closing costs

Between Mississippi Ave, S Buckley, E Mexico, and the West Tollgate Creek, nothing has sold this low since January 30th. We estimate this home could sell at least $15,000 higher on the MLS.

The home is currently a 2/1, however there are 2 living rooms in which one can be turned into a 3rd bedroom. We have budgeted extra for this framing, sheet rock, electric, etc. Other than this, the home is in fairly good shape. For a rental you will only really need paint an flooring, minor kitchen updates, a bathroom vanity, toilet, and tub, minor plumbing, as well as some misc work. For a fix/flip, you will need the same but with higher quality flooring, kitchen, and bathroom materials.

Call or message me today if interested!

Allison, Whitestone Acquisitions Team

allison@whitestoneacquisitions.net

(254)644-3690 Mobile