Pitts’ Pick Investment Property

If you’ve been following, you know that we’re pretty excited  with the Light Rail expansion throughout the Denver metro area.  Wherever they’ve set tracks for this little project, property values around it have jumped.  And it’s no wonder!  Just take a look at what the city of Lakewood has up its sleeve for the area surrounding the track. Could Colfax Avenue become the next Ro-Day-Oh Drive? Not likely.  But major improvements are in store and that’s why we get excited whenever we see REO properties come up along this corridor.  They’re ripe for picking and they’ll make a knowledgeable  investor glad to jump in while others are sitting around waiting for the market to improve.

So we’re happy to see this listing come up! Inside shots of this 4 bed / 3 bath beauty indicate that it’s not only in move-in condition, but very tastefully updated. In addition, the basement has a “mother-in-law” apartment, and with more than 2500 total square feet, it’s a steal at $164,900.  When comparing other homes that have sold in this neighborhood, it might easily fetch a price of $220,000, and when the choo-choo starts running…who knows?  Wanna see it?  Hit us up!

BEDS        BATHS        SQUARE FEET        LIST PRICE        COMP PRICE