Denver (City Park) Fix and Flip Opportunity
Today’s Denver bargain fix and flip opportunity is one block off City Park, on the southeast side, and one block west of Colorado. The location is great on this 1920 Bungalow, as you are walking distance to the park, Denver Zoo, Colorado Museum of Natural History, and the IMAX Theatre. Currently, the property has 3 bedrooms/one bath upstairs. The basement is 1140 square feet, and is currently unfinished, 2391 total square feet. There is also a rare 2 car detached garage.
List price is 240k. By adding a bedroom and 3/4 bath in the basement, remodeling the entire house (aprox 40k), you’d see an ARV (after rehab value) of 350k easily, quite possibly 365-375k. Another very enticing stat on this house is the DOM (days on market) are under 30 days if the condition is top notch.
Denver fix and flip opportunities, to this scale, are extremely rare now. Our market has less inventory in the depressed category, making deals like these extremely competitive. If you are interested in receiving deals such as these, the day they hit the market, Contact Me to make sure you are staying ahead of the game.