SORRY-IT’S GONE!

Developer Opportunity! .55 Acres Zoned R-MF

It Also Works as a Quick SFH 5/2 Flip

  • Characteristics

    Beds: 5 (3 non-conforming, need egress)
    Baths: 2
    SqFt: 2,070 (1,035 main, 1,035 basement)
    Lot Size: 23,784, .55 acres, zoned R-MF click for details
    Year Built: 1948
    APN: 49-034-00-010
    Property Type:
    Single Family Residential

    3 Water Sources: City water, the home has a well and 1 share of Rocky Mountain Water irrigation.

  • Condition

    Developer Opportunity

    .55 Acres Zoned R-MF. Build 8-30 townhomes, condos or apartments. 1091 Carr St is a new build apartment complex on similar lot that sold for $6,775,000 in April 2023. Could rent as is while in planning and permitting.

    SFH Flip

    You have to see it to believe it. This house has great bones and could also be a quick and easy flip. Need paint, wood floors finished, new kitchen, minor finishes in bathroom, egress windows and finish out the basement which has 3 bedrooms, 1 bath and a second kitchen. Huge garage with workshop and a full barn shed. End buyer would have their own private park. The lot will sell this house. Estimated ARV $750,000 with $60,000 in repairs.

    Flip Variation

    Extend the addition for the stairway to a master suite and this will be an estimated $850,000 ARV with $100,000 in repairs.

  • Numbers & Dates

    Numbers
    HOA: No
    Taxes: $2,718 (2022)
    Repairs: $60,000+
    ARV: $750,000+
    Asking: $575,000

    Dates
    Investor Inspection: Thursday 7/13 at 11:00am RSVP REQUIRED this will be the only opportunity to inspect.

    EMD: $10,000 due 7/17
    Closing: 8/14 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.