Property Overview
Welcome to your next project in the Range View neighborhood of Commerce City! This ranch-style home is a flipper's dream with tons of potential. This is a 1,440 sq ft ranch home with 3 bedrooms (one not conforming) and 1 bathroom on a spacious 9,076 sq ft lot. This home is just waiting for your personal touch.
The added full basement is a unique feature that nearly doubles the square footage of the home. With a utility room, large living area, and non-conforming bedroom, the possibilities are endless. We've even budgeted to add a bathroom to the basement for added convenience and value.
The main level features two nice-sized bedrooms, a full bath, laundry room with backyard access, large living area, and an open kitchen. With a generous remodel budget, you can truly make this house your own.
Located in the Adams County 14 school district and with 2023 taxes of only $1011, this is a deal you don't want to miss. Don't wait! This affordable opportunity won't last long. Contact us today to schedule a walkthrough and start imagining the possibilities.
Video Walkthrough
We have budgeted for a nice remodel to exceed our target ARV that includes interior, exterior paint, flooring, kitchen, bath and additional basement bath, furnace, water heater. We'll also replace any outdated windows and address necessary plumbing updates. Additionally, we've planned to pave the driveway and potentially repair the sewer line. To cover unforeseen expenses, we've set aside a $10,000 general budget. According to the seller, the roof is six years old and seems to be in good condition.
Total Budget: $76,030
Nicely updated 3 bed 2 bath 1,440 sq ft ranch home on a large 9,076 sq ft lot on a quiet street in the Range View neighborhood of Commerce City.
Very affordable flip opportunity with only one active comp available for sale nearby in Commerce City.
Closing is scheduled for 08/13/2024.
6541 E 79th Avenue, Commerce City, CO 80022 Zillow
Located in the same subdivision this comp sold for $443,000 in March. This is a 5 bed 2 bath ranch home with 1,408 sq ft. One of the few comps with a basement like subject. This comp sits on a 3,044 sq ft smaller lot and has a one car attached garage built within a few years of the subject. We have adjusted or targeted ARV generously based on this comp. This comp has a nice remodel but not to market standard like subject after included fix budget.
6521 E 76th Place, Commerce City, CO 80022 Zillow
This is the only active close by. This one level ranch went active for $370,000 on 7/23/24. This is a 682 sq ft home with 2 beds and 1 bath on a similar sized lot with no garage like subject. Comp was built within a few years of the subject. This comp is clean but dated with basic amenities unlike the subject that will be a market standard remodel after including a fixed budget.
7710 Leyden Lane, Commerce City, CO 80022 Zillow
This is a 3 bed 1 bath 720 sq ft ranch home that sold in April for $350,000. This comp built in the same year is about 720 sq ft smaller than the subject and will have one less bathroom. It sits on a 2,000 sq ft smaller lot with a two car attached garage. This comp is clean but dated. Subject will be a much nicer market standard finished product.
7770 Niagara Street, Commerce City, CO 80022 Zillow
This comp was sold as a fix and flip or investment opportunity. This is a 4 bed 1 bath 1,472 sq ft ranch built within one year of the subject. This comp sold for $330,000 in June showing the amazing price we are offering. This comp sits on a 3,000 sq ft smaller lot with a one car attached garage.
