Fix N Flip or Fix N Hold; properties under $200,000 today

In Condo Tracker, For Sale, Purchasing Condosby Denver High-Rise LivingLeave a Comment

The areas outside of downtown Denver are a strong market for seller’s.  If you are interested in purchasing a property to fix and flip, now could be the time.   More and more properties under $200,000 are actively listed each day.  It is best to have your realtor actively search daily for a deal because these properties move pretty fast.

For less than $200,000 you can find properties to fix and flip, or fix and hold, throughout Denver Metro.

Whether you decide to flip or hold, I’ve been showing you through the previous articles that you can make a profit or create a revenue stream.  Just be smart, do your homework and know your numbers.  Now let’s grab that glass of wine and start looking.

 

  

Aurora 

Address:              2201 S. Buckley Road Unit 101, Aurora 80013 (MLS 2992137)

Price:                   $149,000

Subdivision:       Banyan Hollow

Bed:                      1 Bed

Bath:                    1 Bath

Size:                     540 Sq. Ft.

HOA:                   $155/ month

List Date:           5-13-2020

Description:       INSTANT EQUITY Convenient 1BR home with walk-in closet, New PEX plumbing throughout, new furnace/AC/water heater in 2019.  Hard flooring, updated stacked washer/dryer, covered patio with storage closet. Covered reserved parking right outside.  Windows on 3 sides, step out to hike & bike trail along Tollgate Creek and Horseshoe Park Easy walk to King Soopers, restaurants, shopping, ACE hardware, Starbucks. RTD routes and stops just steps away.

 

   

   

Address:

1.     14760 E Kentucky Drive Unit #321  Aurora, 80012  (MLS 2458081)

2.     14740 E Kentucky Drive Unit #712 Aurora, 80012  (MLS 4517532)

Price:

1.     $153,900

2.     $155,000

Subdivision:       Sable Landing

Bed:                      2

Bath:                     1

Size:                      894 Sq. Ft.

HOA:                    $266/month

Listed:

1.      5-14-2020

2.     5-7-2020

Description:       Sable Landing- Easy access to I-225 and I-70. A variety of great food options are located right around the corner.  The complex has a pool included in the HOA and plenty of parking. Located close to everything and is just walking distance from the light rail.

        • Unit #321- Has washer/dryer hook ups, fridge, dishwasher, fireplace, and Air conditioning. Has large patio with closed storage area.
        • Unit #712- The unit features newer carpet and laminate flooring, a wood burning fireplace, spacious bedrooms, in-unit laundry w/ washer and dryer included! There is a private patio that overlooks the community pool and provides extra storage.

   

Denver

Address:               1306 S Parker Road Unit 289 Denver 80231 (MLS 4617955)

Price:                    $129,000

Subdivision:        Club Valencia

Bed:                      1

Bath:                    1

Size:                    625 Sq. Ft

HOA-:                $275/month

Listed:                5-17-20

Description:       Great location, just minutes to Cherry Creek, and Havana Gardens, walking distance to High-line canal. The HOA amenities include indoor/outdoor pool, sauna, tennis courts, fitness club. Located in the Cherry Creek School district.

*multiple listings available in Club Valencia

   

Address:           2325 S Linden Court Unit #118, Denver, CO 80222   (MLS 5621073)

Price:                $144,950

Subdivision:    University Add

Bed:                  1

Bath:                 1

Size:                  703 Sq. Ft.

HOA:               $262/month

Listed:              3-9-2020

Description:       condo in secure building near the Highline canal. This unit is priced to sell.  Great location near shopping and parks. The building has an indoor pool, large rec room with pool table, racquetball court and exercise room. Family room. Dining room and covered patio overlooking courtyard.

   

Address:           3663 S Sheridan Boulevard Unit #O15, Denver, CO 80235  (MLS 2353420)

Price:                $145,000

Subdivision:    Bear Valley

Bed:                  1

Bath:                 1

Size:                  599 sq.  ft

HOA:               $193/month

Listed:              5-21-2020

Description:       Top floor unit with a nice balcony in excellent condition and ready to move in. Light, bright 1 bedroom 1 bathroom with updated laminate wood floors. The unit has a new washer/dryer included and includes all appliances as well. Community has pet restrictions. No pets. Close to bus lines, convenient shopping and easy drive to downtown. HOA covers amenities, water, trash, heat/gas, community pool, tennis courts, and club house.  Great location, easy access to Hampden/285, grocery stores and public transportation. Very affordable – More Cost effective than renting! Please note: Current owner has a lot of personal items and these will all be removed. Pool is under construction. 1 Reserved parking spot and a guest permit spot.

   

Westminster 

Address:            8645 Clay Street Unit #9-397, Westminster, CO 80031  (MLS 7590442)

Price:                $180,000

Subdivision:     Prospector’s Point

Bed:                    2

Bath:                   1

Size:                  1000 Sq. Ft.

HOA:               $275/month

Listed:               12-19-19

Description:       Great use of space in this 2 bed, 1 bath unit! This unit needs some TLC and updating “LOFT IN THE LIVING ROOM IS A GREAT SURPRISE”.  Has a great floorplan, vaulted ceilings, great natural lighting, wood-burning stone fireplace and backs to an open courtyard area. Great investment Unit is being sold as-is.

 

As you can see, each of these need a lot of work but when you consider the cost and time to update 500 – 1000 square feet, you will  also see why this can be a lucrative venture if you do it the right way.  You will find condos within these buildings that have been through such renovations and reflect their new value accordingly.  Give me a call and we’ll go look at a few of these, and more!

Cheers,

Bo Peiffer

 

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