|Built As:||Ranch 1 Story||Year Built:||1958|
|Building Type:||Residential||Construction Type:||Frame Siding|
|Built As SQ Ft:||700||Number of Rooms:||8|
|Number of Baths:||1.00||Number of Bedrooms:||4|
|Attached Garage SQ Ft:||0||Detached Garage Square Ft:||yes|
|Basement SQ Ft:||700||Finished Basement SQ Ft:||560|
6344 South Dexter Street, Centennial, Colorado – Sold
Nice Large house in Ridgeview Hills in Centennial. Great location. Great house to fix and flip. ARV’s in that area go from $184 to $197 per foot. This house currently has 3 bedrooms and 3 bathrooms. The upper 3 levels are 2120 feet with an addition 667 in the basement that is unfinished. Nice layout great potential.
Arv – $350-$375,000 ($184 to $197 per foot)
Fixup – $40-50k
This property is currently a rental just East of Federal on 1st avenue in Denver.
2818 E. 1st Ave. Denver Colorado
Price $87,900 – Nothing this cheap in that area. – Sold
If nobody picks this one up than I am going to keep it for myself. This property cash flows.
3 bedrooms, 1 upstairs and 2 downstairs. The basement ceilings are a bit low.
1 bathroom. Laundry room on the first floor. There is a very large open family room on the 1st floor. 1200ft upstairs and 500 ft downstairs
It has a very nice Section 8 tenant that has been in the property for a couple of years and is looking at staying if possible. This means guaranteed rent and cash flow put right into your bank without chasing the rent. Nice for a landlord.
This Denver rental house had nice addition built on the back in 2001. With upgrades to the mechanicals.In the past year the basement underwent a slight remodel. Fixing some bad plumbing and replacing the drywall. New carpeting both upstairs and down stairs.
Denver Permit Records:
2818 W 1st Ave was built in 1926. Our computerized permit records for Denver properties go back as far as 1993.The computer records for this address display 6 permits since 1993; 2 residential construction permits issued in 2000, 1 roofing permit issued in 2000, 1 electrical permit issued in 2001, 1 plumbing permit issued in 2001, and 1 mechanical permit issued in 2001.
Solds in the area
Because many investors receive biased advice, approximately 95% of all Americans will fail to be able to retire the way they want. They are often told that only way they can comfortably retire is to have a huge nest egg in the form of a stock and bond portfolio.
Focusing on the income from an investment portfolio versus the size of a portfolio can be the difference between living well in retirement or running out of money.
Do you know that after expenses in 8 out of 14 decades the S&P 500 has a compound rate of return of 3% or less? Few people do.
So where should you invest your money?
Most good rental income properties in Denver offer a NET rental income greater than 6.5%. The rental income alone has beaten stocks in 11 out of 15 decades and that is not accounting for property appreciation, which is a great security against inflation. The current real estate market is considered one of the best opportunities in decades.
There are many different ways you can invest in real estate. The classic is to purchase a rental property and collect the rent. Over the years the property will be paid off, the rents will increase, and the property will gain value. At retirement you can collect rents while the house equity is left untouched.
If owning Denver rental property does not appeal to you or if you are looking for another investment, many people are investing in notes. Notes are loans on real property where the investor is protected by holding the deed of trust. Many of these notes pay 6 to 15% interest rates and without the fees charged by stock brokers.
There is no ideal investment for everyone; every investment involves different types of risk. It is really a question of which investment options provide the highest probability of success for the least amount of risk.
It’s time to look to Real Estate for your IRA
Few investors take advantage of the tax advantages of a Roth Real Estate IRA. A Real Estate IRA, when properly structured can earn tax-free growth and income. Denver Real Estate is one of the few hard assets that can protect you from inflation and generate monthly income.
Most of this information comes from the web site “Howtoretirehappy.com”
For more information please call any time.
Denver, CO 80216
1 bed, 1 bath, 744 sq ft, 1 car detached garage , Has a second floor that is not counted
Extend the second level and make it a 2 bed, 2 bath
Make it work and make some money!
Estimated ARV $85,000
Estimated Fix: $ not sure yet, Looks pretty nice
Your Cost: $48,500
Lincoln Street at E 47th Ave
Check out this Wholesale house in Denver
W Jewell Ave.
Denver, CO 80219
Ranch 2 bed, 1 bath, 707 sq ft, no basement, 1 car attached
Had it appraised in August 2010
Appraised Value: $129,000
Estimated Fix: $5-15,000
Your cost: $ Sold
Appraisal and inspection reports are available upon request.
W Jewell Ave at S Irving St
Denver landlord have a lot to be happy about these days. The Denver rental houses are filled with vacancy rates lower than they have been in years. This makes for a lot of cash flow houses being purchased. This makes it a great time to purchase that Denver rental house. Renters are knocking down the doors for Denver landlords to get into these Denver rentals. The Denver Rental vacancy rate has fallen to 6.1%. This makes the Denver Rental house market one of the top three in the county. This also leaves Denver landlords searching for new rental houses in Denver and the surrounding metro area. The vacancy rates are even lower in the surrounding Denver metro counties.
Due to economic conditions and the Denver Banks not lending money new Denver Apartments are not being added at the present time. Once jobs start getting created the rentals in Denver will become even harder to find. This will give Landlords in Denver a bit more control over the rents in coming years. There are some people predicting vacancy rates in Denver will drop to the mid 4% range. Denver tenants have been renting the few available Denver rental homes that are available. And people are still moving to our state.
Therefore a lot of Denver Landlords that have cash or good financing available are purchasing cash flow properties as fast as they can. If you are in the market for a cash flow rental give us a call or email us. We are always search for Denver rental homes that cash flow in Denver.
I have a great Denver Wholesale House in Belmont Park house for under $70k. It is hard to beat this price.
Fix and Flip it for a quick profit. Or rent it for a profit and cash flow every month.
Denver Wholesale House For Sale – Offered at $69,500
Great Fix and Flip or a rental!
Approximately 1,000 Sq/Ft
And that’s the first floor.
The basement is another 700 square feet with a bedroom, bathroom and kitchen along with a separate entrance.
The basement can easily be connected back to the main floor as it was originally. The ceiling is only 6’6″.
So there are two options. Keep it two units as a rental for cash flow or Fix it it up into a 4 or 5 bedroom 2 bath denver home.
Comps: Click $135,000 to $140,000
Est Fix up 20,000
Earnest money $3000
This Denver property will cash flow.
The BONUS: Newer Furnace and Newer water heater.
Newer double pane windows, New doors.
Location Location Location – Some properties have it all – Or do they?
Have you ever wondered how honest the bank, REO agent, Or Fannie Mae are about the investment properties they are trying to unload. A short time ago a Denver Real Estate Investor went out and put a great investment house under contract. This Fix and Flip house looked great. The property had a complete rehab completed just 10 years earlier. The carpet was stained ( with hard wood floor underneath) and it was missing a couple of cabinet drawers in the kitchen. And you could pick this property up for $100,000 to $150,000 under value. This Denver investor property was a quick flip in the making.
Or was it?
Let’s take a closer look at this investment. This was an old plaster house with a bunch of additions. And great mountain views. But the original plaster texture was gone from every room. Why would someone do that. We pulled the old permits. It seems this Denver wholesale house had some serious foundation problems and they jacked up the house and put it on piers. Great the work’s already done. But hold on, The concrete block walls do not look right. Always, always bring in your structural company and have them review past work. This wholesale property investor brought in two of his contractors. One said run as fast as you can. The other contractor said it’s nothing that $50k for half the job or $100k for the complete job couldn’t fix. Wow this Denver investor deal is not looking quite so good anymore.
So the investor house in Denver still might be a good deal right. Well not really. When a closer property inspection was done it was found that this investment property in Denver had a major condensation problem that had gone on for years. There was mold throughout the house. Both in the main house and the attic. Now go try and sell that fix and flip house to someone. The master bedroom would require the drywall to be demo’d to actually fix the framing and venting issues. Of course if an investor was not ethical, a coat of paint would cover up the problem for a couple of months.
So could this investment property become a good deal. Hardly. Our investor thought the best thing to do was tear it down at this point. Though that might be a bit drastic.
But this leads to the other question. How did the bank, Fannie Mae, and the Denver real estate agent deal with the bad news from the inspection. They didn’t, that’s how. They refused to accept any information that informed them of the problems. They even stated that they would accept nothing that noted there was any mold issue. There was so much water flowing into the crawl space that without the sump pump it filled rapidly with water. Since the Denver Real estate agent successfully kept the investor from informing the bank of the property issues they could go sell the house to an unsuspecting homeowner or investor.
So what’s the moral of this story. Be sure you do your due diligence. Just because the Denver investment house is an REO and it’s is sold well below ARV, does not make it a good deal. Get your inspectors out there. Even as investors we can fall in love with a Denver investment property and over look a few minor (but expensive) items.
And most importantly never trust the seller to disclose anything they know. If you haven;t figured it out yet. The banks are in this for themselves and do not care who get’s hurt in the process.
So go find a property – And get it inspected.