2/2 SFH With 3,000 Sqft of Grow Space with Equipment

278 Ridge Road, Fairplay, CO 80440

  • Characteristics

    Beds: 2
    Baths: 2
    SqFt: 1,404 + 1404 Basement

    Garage: 1 Car Attached + 2.5 Car Detached
    Lot Size: 43,560
    Year Built: 1997
    APN: R0037509
    Property Type: Single Family Residential
    Status: Off Market

  • Condition

    Perched high atop Redhill Ridge, with a wall of windows, this home captures majestic mountain, down valley, forest and river views. A spacious home with an open floor plan kitchen, woodstove and deck for backside views of a private Elk Preserve and Reinecker Ridge.

    Roughly 3,000 Sqft set up as grow space with all equipment in place. Grow space includes entire walkout basement, attached 1 car garage and detached 2.5 car garage.

    1,400 main floor, set up as living space. 1,400 walk-out basement set up as grow space.

    House next door is smaller and recently sold for $615K. Click for comp.

  • Numbers & Dates

    HOA Annually: $1,205

    Property Tax Annually: $1,142 (2021)

    STR Income: $52,000

    Estimated Repairs: $75,000

    ARV: $585,000

    Asking: $395,000. First investor at asking takes it. No bidding wars.

*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.