House 1
Beds: 5
Bath: 4
SqFt: 4,182
Lot Size: 1,741,528 (40 acres)
Year Built: 1993
APN: R0043052

House 2
Bed: 4
Bath: 2
SqFt: 1,404
Lot Size: 287,060 (6.59 acres)
Year Built: 2001
APN: R0034402

Flip-House 1
Mountain views from almost every window. Well maintained, clean large home with walk-out basement. Open concept living space. 5/4 with 4,182 SqFt. Two master suites. For a flip, needs cosmetic updates. For a flip it needs $100,000 in upgrades and ARV is $1,450,00. Asking $1,000,000. Appraisal in April of 2024 valued it at $1,300,000 as-is.

House 2
More views. This one is a 4/2 with 1404 SqFt. Well maintained as well but definitely needs cosmetic update. For a flip it needs $50,000 in upgrades and ARV is $475,000. Asking $100,000.

Short-Term Rental Opportunity
The main house could be rented out as-is. Seller can take or leave all furnishing. Minor updates in the second home for a STR. Between the two homes the property could sleep 23 . This property is with-in 10 miles of at least 7 wedding facilities with no hotels in the area. STR’s in this area are booked for weddings, family gatherings and by groups from southern states who want to experience the snow but not ski and groups traveling to shows at Red Rocks.

Numbers
HOA: No
Taxes:
Rental Income: $273,750+
Flip Repairs: $150,000
Flip ARV: $1,925,000
Asking: $1,000,000

Dates
Investor Inspection: 7/2/24 and 7/9/24 at Noon RSVP
Closing: 7/30/24
Possession: 7/30/24

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

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