Estimated Profit $60,000

Very Light Rehab-Paint and Flooring

417 E Kiowa St #403 Colorado Springs, CO 80903

  • Characteristics

    Beds: 2
    Baths: 2
    SqFt: 980
    Lot Size: 544
    Year Built: 1962
    APN: 64181-14-047

  • Condition

    Great 2/2 condo in the heart of downtown. Just steps away from top-notch restaurants, trendy shops, and endless entertainment options.

    Access the massive balcony from the living room, primary suite and 2nd bedroom. Lots of light!

    Very light rehab needed, paint, flooring and maybe replace bathroom vanities and list it for an estimated profit of $60,000

    Could make a great rental too.

    HOA covers water, sewer, heat, security, snow removal, trash, exterior insurance, common utilities and exterior maintenance.

    Comes with two parking spots in gated garage.

  • Numbers & Dates

    Numbers
    HOA: $524/ mo (covers water, sewer, heat, security, snow removal, trash, exterior insurance, common utilities and exterior maintenance)
    Taxes: $800 (2022)
    Rental Income: $30,000
    Repairs: $10,000
    ARV: $315,000
    Asking: $230,000 First at asking takes it!

    Dates
    Investor Inspection: 4/25 at 11:00am RSVP
    Closing: 5/2
    Possession: 5/2

    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.