6
Mar
Thornton Raised Ranch Auction- 2040 E 95th Ave, Thornton, Colorado, 80229
by Derek Weeks - Denver RealtorPublished in: Investing in Real Estate
Urban Synergy is excited to announce our latest investment property being offered and auctioned to the general public!
Huge Opportunity for an incredible investment on prime Thornton Real Estate! This home is a raised ranch which features a 4 car detached garage, over a 1/4 acre lot, full unfinished garden level basement. The basement has 2 bedrooms and a family room framed along with plumbing ready for a 2nd bathroom. Square footage is 1002 finished square feet on the main level with 1002 unfinished square feet in the basement.
Starting auction price is $69900!
Front of home
As you can see, this is a huge home on a large lot! The 4 car detached garage on this Thornton home is a rare find.
Family Room
As you can see the home is outdated and needs a full rehab! We have estimated a full remodel coming in at $30k to $35k. This would be for a high end remodel that would completely finish the basement adding 2 more bedrooms and a full bathroom.
4 Car Detached Garage
Here is the deal! Purchase price of $69900, $30,000 for remodel, $10,000 closing costs for both the buy and sell side. Add another $5,000 in holding costs. Sell the fully remodeled property for $150,000 which gives you a potential profit of $35,100.
Show me any stock or investment opportunity that can pay those dividends in a 90 day period.