4/2 With Walk - Out Basement with Mother-In-Law Apartment Space
2795 W Ellsworth Ave, Denver, CO
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Characteristics
Beds: 4 (Currently 2 on the main, add 2 non-conforming in unfinished bsmt)
Baths: 2
SqFt: 1,798 (899 main, 899 basement)
Lot Size: 6,100
Year Built: 1932
APN: 05085-05-015-000
Property Type: Single Family Residential
Heating Type: Forced air unit
Heating Fuel Type: Gas
Basement Type: Full Basement-Walkout
Building Condition: Average
Number of Stories: 1
Building Area: 899 SqFt.
Basement Area: 899 SqFt. -
Condition
Over $140K spread! Convert into 2 units and hold for STR or LTR or finish as a 4/2 for an incredible flip.
Comps with less bedrooms, land and sq. ft. closing at over $535K just this month!
2 bed, 1 bath on main floor with laundry. Partially finished basement, finish with 2 bed (non-conforming), 1 bath in the walk out basement with separate entrance. Laundry hook ups in basement too.House will need new floors, some dry wall work, kitchen, baths, a few windows, completing the partial basement which is semi finished, a roof (quoted at $10K) and a new sewer line (quoted at 12K). New furnace installed and all the trash/junk is now removed. House needs lots of work, pictures make it look better than it is, was not the intention.
Large corner lot with gates and space for a garage or RV parking. Large storage shed with electric hooked up. Lots of backyard space for expansion or an ADU.
Meth inspection was clear and house is habitable. Meth inspection and sewer scope available below.Comps
1. 2679 W Bayaud Ave, Denver, CO 80219 - $536,000
2. 2755 W Archer Pl, Denver, CO 80219 - $515,000
3. 24 S Hazel Ct, Denver, CO 80219 - $520,000 -
Numbers & Dates
Numbers
HOA Fees: None
Taxes: $1,405 (2020)
Estimated LTR: $34,800
Estimated STR: $49,000
ARV: $540,000
Asking: $397,500Dates
Investor Inspection: Call to Schedule
Closing: 2/14/22 or Sooner
Possession: At Closing
Contact
Amy McCraken
AMcCraken@JoeHomeBuyer.com
303-478-7895
*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.