DEVELOPMENT plus FIX and FLIP Opportunity

3622 N Marion St, Denver, CO 80205

$600,000 After Repair Value -
$375,000 Asking Price -
$0 Cost of Repairs =
$225,000 Potential Profit

Property Details

Asking Price $375,000

After Repair Value $600,000

Costs of Repairs $0

Potential Profit $225,000

Living Area 10930 ft2

Property Type Unknown

Bedrooms 1

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 0

Property Description

Investors! We have a profitable development and fix & flip project available in the very hot Denver neighborhood of Cole/RiNo. This prime, urban land is just minutes away from Downtown Denver! OFF Market. NOT on MLS. Call Michelle Thomas directly for details: - Here is the breakdown of our numbers. Keep in mind, that we are conveying THREE (not two) properties. Parcel A ? (Empty Lot) Available for Sale $210,000NEW BUILD: Build a 4 bedroom, 3 bathroom house w/ detached Garage. Total 2,600 sf.New Build List Price $800,000Estimate Cost to Build (includes Soft and Hard Costs): $400,000Profit spread - $190,000Parcel B - (Church) Available for Sale $375,000 FIX and FLIP: Convert to a ranch, single-family house. ARV: $600KRehab budget - $85,000Profit Spread - $140,000Parcel C ? (Empty Lot) Available for Sale $190,000NEW BUILD: Build a 4 bedroom, 3 bathroom house w/ detached Garage. New Build List Price $775,000Estimate Cost to Build(includes Soft and Hard Costs): $400,000Profit spread - $185,000 Total Sales price: $775,000Resale Value is: $2,175,000Total Cost of build/rehab: $885,000 Potential Profit spread before lending costs - $515,000

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