Property Overview
Lakewood Gem: Turnkey Property Awaits!
This 2-bed, 2-bath 850 sq ft condo in the Ponderosa Ridge community of Lakewood offers an excellent opportunity for a turnkey flip. Positioned on the ground floor, this unit features two bedrooms and two bathrooms, designed with an open floor plan that seamlessly connects the main living areas. Enjoy hassle-free living with an HOA of $495 per month that takes care of heating, water, trash, and all exterior maintenance. The seller has disclosed that the hot water heater/boiler was replaced in 2023, interior paint has been recently updated, kitchen cabinets were refinished in August 2024, and both the washer and dryer are 2 years old. Additionally, there is a special assessment for the boiler and beam replacement.
Video Walkthrough
The scope of work is limited to interior painting, minor bathroom upgrades, and minor kitchen upgrades.
Total Budget: $10,500
Nicely updated 2-bed, 2-bath, 850 sq ft unit situated on the ground level with a spacious patio.
Already remodelled unit! Enjoy the community amenities, including a swimming pool, playground, clubhouse, and additional laundry facilities. Experience low maintenance living with an HOA of $495 per month that covers heat, water, trash, and all exterior maintenance special assessment for boiler + beam replacement .
Closing is scheduled for 09/26/2024.
857 S Van Gordon Court Unit D205, Lakewood, CO 80228 Zillow
This property’s layout is a carbon copy of the subject unit: 850 sq ft, 2BR 2 BA and in of era condition, but it is a 2nd floor unit and it does not have its own washer/dryer. After just 1 day on the market, is sold for asking price: $314,000 on 6/06/24.
857 S Van Gordon Ct F-204, Lakewood, CO 80228 Zillow
This property’s layout is also a carbon copy of the subject unit: 850 sq ft, 2BR 2 BA. It's on the 2nd floor, has its own washer/dryer, and appears to have recent updates in the kitchen and bathroom. After 30 days on the market, it listed for $339,000 and sold for $335,500 on 2/1/24.
12354 W Nevada Place Unit 103, Lakewood, CO 80228 Zillow
This property is in the adjacent community of the subject property. It appears to have a lower monthly HOA fee - $269 but less amenities available: Coin Laundry, Playground, Pool. The unit is a little smaller (812 sq ft) and has only 1BA vs 2 BA's in the subject unit. The listing states that it has its own in-unit laundry, but it’s not visible in the photos. It appears to be updated recently and after 3 days on the market and a $2250 credit to the seller, it closed on 4/19/24 for $320,750.
