1618 Longbow Ct Lafayette, CO 80026

Spread $150,000 / Est. Profit $63,800

  • Characteristics

    Beds : 3
    Baths: 2
    Sqft: 1,368 (968 / 400)
    Lot Size: 2,031
    Garage: Deeded Parking Space
    Year Built: 1973
    County: Boulder
    APN: R0020601

  • Condition

    Full cosmetic update on a small townhome.

    HOA is requiring paint or siding on the exterior click here for report. Seller was putting in a second parking spot, need to finish that.

    Interior needs drywall repair, flooring, new windows and doors, update both bathrooms, kitchen needs a clean up or inexpensive replace.

    Roof is 4 years old and covered by HOA. Seller estimates age of mechanicals at 6 years old and in good condition.

    Sewer scope reported good condition, click here for report.

  • Numbers & Dates

    Numbers
    HOA: $225/mo
    Taxes: $1,092 (2024)
    Rental Income: $2,750
    Repairs: $55,000
    ARV: $395,000
    Starting: $245,000

    Dates
    Investor Inspection: Wednesday 2/4 at 11:00am RSVP Required
    Offers Due: 2/4 at 7:00pm
    Closing: 2/11
    Possession: At closing

    Estimated Profit
    $395,000 ARV
    -$245,000 Purchase Price
    -$55,000 Repairs
    -$31,200 Holding, Closing, RE Com

    $63,800 Estimated Profit

    Contact
    Amy McCraken
    AMcCraken@JoeHomeBuyer.com
    303-478-7895

    *HOA, Taxes, LTR, STR, Repairs, ARV and any other figures are estimates. BTVA.

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*DISCLOSURE*
JOE HOMEBUYER IS EXPLORING ALL OPTIONS WITH THIS AGREEMENT. AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY. WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME.