SORRY IT’S GONE!

3/2 Walk-Out Great STR Opportunity!

  • Characteristics

    Beds: 3
    Baths: 2
    SqFt:1,452
    Lot Size: 1.4 acres
    Lot Size: 60,984
    Year Built: 1979
    APN: R0017296
    Property Type: Single Family Residential
    School District: Platte Canyon School District 1
    Lot Number: 12
    Subdivision Name:FRIENDSHIP RCH UNIT 4

  • Condition

    Mountain living with quick easy access to the highway, Denver and mountain recreation.

    Many options on this one.

    Quick flip to primary residence or STR. Most of the work has been done. Finish of the second bath to create a master suite, add a garage and repair driveway and this will move at $540,000+. Click for comps.

    Short term rental opportunity. Multiple wedding (6 formal and many more informal) venues within 10 miles and no hotels! Estimated nightly rental $295 per night. Mostly family guests. Estimated occupancy 70%. Annual revenue $75,500.

    Long term rental as is. Estimated rent $2,450/ month or $29,000 annually.

  • Numbers & Dates

    Numbers
    HOA: No
    Taxes: $1,508 (2021)
    Short Term Rental: $75,500, 21.1 Cap Rate
    Long Term Rental: $29,000 , 8.16 Cap Rate
    Repairs: $0-$30,000, depending on strategy
    ARV: $540,000
    Asking: $355,000, first at asking takes it!

    Dates
    Investor Inspection: By Appointment Only
    Closing: 10/7/22
    Possession: 10/7/22

    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.