29th Sep, 2008

Pitts’ Pick Investment Property

Good Morning!  After suffering through the Broncos’ loss to the Chiefs, yesterday, I’m actually glad that it’s Monday!  Our pick bank-owned investment opportunity just came on the market in Arvada.  Listed at $165,900, this 4 bed / 3 bath ranch would make an excellent rental unit.  We’ve already written about light rail coming through Arvada so holding on to this home might not be a bad idea, especially with the possibility for a positive cash flow.  It has a fully finished basement, creating a total of 2200 square feet of living space.  It’s close to parks and shopping and the large, nicely landscaped lot provides great curb appeal.  Please let us know if you need more info about this or any Denver Metro/Mountain area real estate

BEDS        BATHS        SQUARE FEET        LIST PRICE        RESALE 

4                  3              2292                       $165,900          $229,000

FIX UP BUDGET        HOLDING COST           ESTIMATED PR0FIT

$20,000                      $5,000                        $38,100

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