Lots of Potential in Cherry Knolls

  • Characteristics

    Beds: 4
    Baths: 3
    SqFt: 3,409 (2,597 + 812 basement)
    Garage Area: 528 SqFt, 2 Car
    Lot Size: 10,846
    Year Built: 1963
    APN: 2077-25-1-11-001
    Property Type: Single Family
    Number of Fireplaces: 1
    Air Conditioning Type: Central
    Heating Type: Forced air unit
    Heating Fuel Type: Gas
    Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
    Garage Type: 2 Car Attached Garage
    Basement Type: Partial Basement
    Porch Type: Porch covered
    Patio Type: Patio
    Building Condition: Average
    Construction Type: Frame
    Exterior Wall Type: Masonry
    Roof Type: GABLE OR HIP
    Roof Cover Type: Composition Shingle

  • Condition

    About Home & Area
    • Light and bright living room with fireplace, dining room, breakfast nook, plus office/den, 4 beds and 3 baths.
    • Basement is unfinished and offers lots of possibilities.
    • Two car garage with lots of overhead storage.
    • Large corner lot with mountain views and fenced backyard.
    • Cherry Knolls intersects with the South Suburban trail, connecting to the 70+ mile Highline Canal Trail – perfect for running/walking and biking.
    • Near The Streets at SouthGlenn (WholeFoods, library, movie theater and retail shopping), Trader Joe's, dozens of restaurants nearby.
    • Close to schools, public transit, I-25,and the Denver Tech Center.

    Needs
    • Windows on the main floor
    • Updated bathrooms
    • Updated kitchen
    • Paint
    • HVAC
    • Hot water heater
    • Finish basement
    • New flooring throughout, hardwood floors are under carpet
    • It could be opened up a bit or left as is
    • Foundation-There is a horizontal crack in the basement along the back wall of the house just below grade. The crack is deflected and pushing inward. The slab floor in the middle room next to the garage needs to be mudjacked back to level with the baseboard. Wall anchors to be placed along the rear of the home in the basement to prevent any further movement. Estimated repairs $17,800 see report and bid.

  • Numbers & Dates

    Numbers
    HOA: Yes, $100 monthly
    Taxes: $3,225 annually (2021)
    Rental Income: $42,000
    Repairs: $110,000
    ARV: $875,000
    Asking: $500,000

    Dates
    Investor Walk-Through:
    Tuesday 12/20 at 1:00 RSVP HERE
    Wednesday 12/21 at 1:00 RSVP HERE
    Closing: ASAP (Will have a hold open)
    Possession: Upon Closing

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

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

*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.