4/4 Gated Community Flip!

  • Characteristics

    Basics
    Beds: 4
    Baths: 3.5
    SqFt: 3,493
    Lot Size: 8,120
    Year Built: 1980
    APN: 06332-21-058-000
    Property Type: Single Family Residential

    Additional Details
    Full Bathrooms: 3
    Partial Bathrooms: 1
    Number of Fireplaces: 2
    Air Conditioning Type: Central
    Heating Type: Central
    Heating Fuel Type: Gas
    Garage Type: Attached, 2 Car, 528 SqFt
    Pool Type: Yes, Private Community
    Spa or Hot Tub: Yes, Private Community
    Basement Type: Partial Basement Finished
    Building Condition: Average
    Building Quality: B
    Construction Type: Frame
    Exterior Wall Type: Wood
    Number of Stories: 2
    Building Area: 4,073 SqFt.
    Living Area: 3,493 SqFt.
    Gross Area: 4,073 SqFt.
    Taxable Area: 3,545 SqFt.
    Basement Area: 1,044 SqFt.
    Garage Area: 528 SqFt.

  • Condition

    About the Home
    Custom home built from 1980, light and bright with wonderful outdoor living space too. Needs work. Roof is new. HVAC is older. Bathrooms need to be updated but no walls moved, layouts are good. Kitchen was updated 10 years ago and could use a refresh. Sliding doors need to be replaced. Window could stay or go. Basement needs to be gutted and finished. Patio/deck needs boards replaced, exterior siding needs replacement. Beams are twisted, a few are structural, the others are cosmetic. 2-3 month project.


    About the Area
    Gated community with a private nine-acre park with pool, hot tub, bbq patio area, two tennis/pickleball courts, remodeled clubhouse, open lawn and mature trees with two ponds linked by a re-circulating stream and walking paths. Easy access to Tamarac, Cherry Creek, DTC, Downtown Denver, light rail stations, Bible Park, and Denver’s best bike trails.

    Comps

    ARV Comp-Sold: 8101 E Dartmouth Ave #86 sold 10/22 for $970,000

    ARV Comp-Under Contract: 8101 E Dartmouth Ave #60 listed 11/20/22 $1,199,000.

  • Numbers & Dates

    Numbers
    HOA: $225/month
    Taxes: $2,761 (2021)
    Rental Income: $48,000+
    Repairs: $200,000
    ARV: $970,000
    Asking: $550,000

    Dates
    Investor Walk-Through: By Appointment Only
    Offers Due: 1/19/23
    EMD Due: 1/20/23
    Closing: 1/27/23 (or sooner)
    Possession: At 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.