3/1 Flip with Est $131,000 in profit. Or Multi-Family/ Commercial Development Project!

826 & 836 Ute Ave., Grand Junction, CO

  • Characteristics

    826 Ute Ave

    Bed: 3
    Bath: 1
    SqFt: 826
    Lot Size: 6,250
    Year Built: 1900
    APN: R064753

    836 Ute Ave

    Bed: 3
    Bath: 1
    SqFt: 1,673
    Lot Size: 6,250
    Year Built: 1900
    APN: R064754

  • Condition

    2 properties, both on double lots, Flip for est. $131,000 in profit. Multi-family or commercial development allowed/zoned.

    Lots of options.

    -Zoning allows for commercial or multi-family development. 2 parcels, 4 lots, .28 acres downtown Grand Junction. Rent the livable house while in planning.

    -836 Ute fix and flip with an ARV of $500,000 or sell of the second double lot.

    -826 Ute Ave needs to be scrapped.

  • Numbers & Dates

    Numbers
    HOA: No
    Taxes: $534 and $607 (2022)
    Rental Income: Est $22,200 (House $1,360, Garage $500/mo)
    Repairs: $100,000
    ARV: On Flip $500,000….(could sell off 2nd double lot for higher ARV)
    Asking: $229,000

    Dates
    Investor Inspection: By Appointment
    Closing: 1/5/24
    Possession: 1/5/24

    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.