4/2 With Walk - Out Basement with Mother-In-Law Apartment Space

2795 W Ellsworth Ave, Denver, CO

  • 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: $397,500

    Dates
    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.