1121 Madison St is a single-family home located in Denver, Colorado with above square footage of 1219 and a basement square footage of 1209. The property has 2 bedrooms, 2 bathrooms, and a detached 1-car garage. The home sits on a 4438 square foot lot and was built in 1913. The property is in need of a complete renovation, but the roof appears to be in good shape, and the property is being sold as-is.

Scope of Work:

The property requires a full interior and exterior renovation, including but not limited to:

Conversion of the basement into an additional living space, with two bedrooms and a bathroom.

Pop top or dormers in the attic to create additional livable space.

Addition of a two-car garage to the property.

New kitchen cabinets, countertops, and appliances

New flooring throughout the home

Updated bathrooms with new vanities, fixtures, and tile

Fresh paint throughout the home

New light fixtures and hardware

Upgrades to plumbing and electrical systems as needed

Investment Strategy: This property is an excellent opportunity for an investor looking to purchase a distressed property at a wholesale price and remodel it for resale or rent. The property is being sold at a below-market price due to its condition, which presents an opportunity to add significant value through the renovation.

Conclusion: This wholesale deal offers a great opportunity for an investor to acquire a distressed property at a below-market price, renovate it, and sell or rent it for a profit. With a solid investment strategy and a detailed renovation plan, this property has the potential to be a lucrative addition to an investor's portfolio. However, it's important to take into account the additional expenses such as realtor fees, loan fees, and holding costs when evaluating the potential profitability of this deal.