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Updated over 8 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Logan Star
  • Investor
  • Denver, CO
1
Votes |
8
Posts

Prime Denver Neighborhood Fix & Flip - $80k Profit Potential

Logan Star
  • Investor
  • Denver, CO
Posted

This is a great fix and flip property in a great location. The house has a great layout and bones, it just needs a full remodel. The home has 5 bedrooms and 2 bathrooms, with a finished basement. We've had a contractor bid the property and his estimate including adding a 2 car garage was $70,000.00. If you decide to purchase the home from house, we can also provide you with the contractor if needed, or you're free to use your own.


The home is located in Virginia Village which is a great location close to downtown, cherry creek and the DTC.

Property Details:

1490 S Cherry St.
Denver, CO 80222
5 bedrooms, 2 bathrooms
2184 square feet.
Price - $310,000
Rehab Cost - $70,000
After Rehab Value - $450,000- $460,000+.

Comparable properties:

1420 S. Cherry St.
Denver, CO 80222
Sold for $525,000

1460 S. Cherry St.
Denver, CO 80222
Sold for $449,000
*sold in 2014, values have only increased in the area since then.

1615 S. Fairfax St.
Denver, 80222
Sold for $445,000
only 1 car garage on this house. Our bid includes adding a 2 car garage

Feel free to call or email me with any questions.

720-505-798

Logan

Offering

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