SFR Aurora/Denver 1936 sq. ft. 3/2 260-265 ARV/Hot Denver Market!
***Crazy Hot Denver Market**** Good Rental/Buy and Hold
Just South of Colfax and near the CU/Anschutz Medical Center. Approximately 1,936 Sq. Ft., 3 bedrooms/2 baths, basement is approximately 700 ft. with non-conforming bedroom (Built 1950). No HOA, taxes are 650.00/YR, sewer line is in good condition, recently scoped. House has been a rental for many years, tenant is vacating and property needs updating (paint, flooring, carpet, kitchen cabinets), roof is good, HVAC has been updated with newer furnace. Rehab costs; 35K. ARV in this neighborhood is 260K/265K with this square footage, and we all know it's virtually impossible to buy a SFR in Denver under 200K! New rent, IMHO, with updates could be $1,850.00 to $2,000.00 (due to 4 bedrooms and square footage.) In the RIGHT situation I would provide a hard money loan for someone to purchase (rehab funds) with a competitive rate, however, the Ideal situation would be a outright cash purchase. Please e-mail me if interested at: [email protected] or PM on BP with questions.