Address: 1710 North Colorado Avenue. Reduced 10,000!!

Property Description: This is a well maintained, three-bedroom home with hardwood floors, quaint 4 seasons porch, good sized bedrooms, open large eat in kitchen, and a great yard with endless landscape potential. The detached garage is a 1.5 garage with space for larger vehicle or extra storage. The house requires a minimal amount of rehab to get it up to one of the highest comps in the area!

NOTE: Please see inspection report in our documents section: HVAC passed inspection: see service report in "documents". Mold remediation quote: see in "documents".

Property Features:

• 3 bds/1ba
• hardwood floors
• large eat in kitchen
• main level laundry room
• nice size closed in porch
• Good sized fenced in back yard with large 1.5 car detached garage
• 1/2 acre
• Forced air and central air

Occupancy/Rent & Lease Info:

Vacant upon purchase

Long Term Rent potential: Monthly: $1,200 Annually: $14,000

-Rehab needed: $15,000

-9.2% cap rate

-$35,000 equity built in

-Buy and Hold

Short Term Rental Potential:

Current property condition projections:

-AirDNA Rentalizer: Monthly Revenue potential: $2,369.10 -Annual Revenue potential $28,800

-18% cap rate

ARV: $185,000

-Estimated Rehab needed: $30,000

Contract Details:

Closing Date: On or before January 31, 2023

2020 Taxes: $1,317

Bidding/Offer Process:

Important: All due diligence and/or inspections need to be done prior to submitting your offer. Please don't submit an offer unless you have every intention of following through to close. Buyers who back out after the offer deadline will be removed from the buyers list.

Starting Bid: $85000

All Buyers Offer Deadline: January,20 by 1pm.

To make an offer on this property, simply click the blue 'Make An Offer' button above and fill out the short form.

Cash, Private Money, Hard Money & Commercial Loans Accepted. Conventional financing is not accepted.

Earnest Money: $5,000 Due At Assignment Of Contract

Buyer shall pay a Transaction Coordination fee of $375.00 at closing.

Note: If an offer is accepted by a VIP Buyer during the VIP Offer period, then the deal will not be available to all buyers. A second communication will be sent if the second offer period opens!

Not a VIP yet? Our VIP Buyer Program is the easiest way to buy off-market deals in NEWI! Get started here!

Please be sure you're familiar with the 'Terms Of Purchase', found in the 'Documents' section, prior to making an offer.

AS A RULE: we don't show properties. We have everything provided for you to see all property details through our pictures, videos, and documents section. We encourage any questions and ask that you contact our Dispositions Manager for anything that you need. Exceptions may be provided under certain circumstances.