Access Date and Time
Wednesday, 10/30/2024, 12:00 PM
Property Overview
The view from this place is amazing!
This beautifully located 3-bedroom, 1.75-bath house (is 1.5 bath now, will be 1.75 bath after shower is added to lower level bathroom, included in fix budget) is just a stone's throw away from both downtown and Olde Town Arvada, making it a great find for buyers seeking convenience. Nestled in a desirable neighborhood, this tri-level offers stunning mountain views and quick access to the lively community of Arvada. As you approach inside the property, you’ll notice the spaciousness it offers compared to others in the market. The main level features an open living area. The bedrooms are located on the upper levels, offering privacy and separation from the common areas. The kitchen is efficiently designed, leading to the dining space.
This property provides an opportunity to create your next investment deal in a thriving neighborhood. With a little renovation, it could stand out in the area, whether you’re planning to update the interior finishes or simply want to enjoy the serene mountain views.
Neighborhood: This property is conveniently close to parks, walking trails, and community events. The nearby light rail station provides easy access to downtown Denver, making it an excellent choice for families and professionals who appreciate the blend of suburban living with urban convenience. Current market trends indicate a strong demand for properties in this area, highlighting its appeal as a vibrant community with excellent growth potential.
Video Walkthrough
We don't actually need too much on this flip - we have planned for a full overhaul of both bathrooms. We have budgeted to add a shower to the lower level bathroom making it a 1.75 bath home. You may be able to find space for an additional 1/2 bath on the upstairs floor, but that is not in our budget below. The kitchen underwent a complete renovation 5-7 years ago, so no changes needed there. Structurally, some of the property’s slab was lifted many years ago, with additional work done on the upstairs a few years back, though the downstairs slab appears to have settled slightly. We've budgeted for full interior paint, partial flooring, updating the furnace, small budget for clean up outside, and concrete work / mud jacking for any settling issues. We've also thrown in a little extra for general updates to the property.
Total Budget: $41,826
The finished product would be a 3-bedroom, 1.75-bath (maybe 2.5 bath) property that offers 2,358 sq. ft. of living space on an 8,208 sq. ft. lot. With a modern kitchen, remodeled bathrooms, new flooring, and updated mechanical systems, the property has been completely refreshed and is move-in ready. It stands out as a turnkey gem in the neighborhood, ideal for homeowners or investors.
-Walk Out Basement
-Sq Ft appears to be incorrect in tax records, 2358 sq ft appears to be correct. It is a walk out lower level.
-Cracking in property photos appears to be from slab issue
Closing is scheduled for 12/13/2024.
Seller is purchasing a new property and would like it to coincide with the close of the new property.
3 beds, 1.5 baths, 2,358 sq ft
5440 Flower Court, Arvada, CO 80002 Zillow
5440 Flower Court - Sold on 08/02/24 for $770,000 - 2,334 sq ft 3 bedroom, 2 bathroom - Similar sq footage to subject property. Subject finish product after fix will be similar to this property.
9019 W 57th Avenue, Arvada, CO 80002 Zillow
Sold on 06/20/24 - $759,000 - 3 bedroom, 3 bathroom property 2,676 sq ft (300 sq ft larger than subject). Subject finish product after the fix will be similar to this property.
9409 Grandview Avenue, Arvada, CO 80002 Zillow
Sold on 05/13/24 - $538,000 - Distressed Sale 5 bedroom, 3 bathroom property in same street as subject. Sold in As Is Condition due to foreclosure.
