3640 N Race St listing review

April 14, 2017
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This property is a prime candidate for a remodel & renovation! The small home sits on a lot and a half and there is a large backyard which would allow for an addition yet still give the homeowner a usable backyard. The current home is very small and looks to have a long list of deferred maintenance that will need to be addressed by the new homeowner. The location is ideal and the home sits mid-block on a quiet street. Russell Square park is only 2 blocks east and the newly announced Denver Rock Drill redevelopment will also be within walking distance (less than 0.5 mile). The investor or homeowner who purchases this home needs to be ready for a major renovation but the potential for a beautiful home is definitely there.

The lack of photos is the major hindrance for this property. Any buyer with interest will need to set a showing to see the property and if there were photos a potential buyer may be able to eliminate (or decide to see the property) based on the photos.

The current price of $335,000 may be a bit high especially for investors who need to turn a profit. I would expect the home to sell for closer to $315,000 if the seller wants to get rid of it quickly or else it may sit for a while until the market catches up. 

I took a short video walk-through of the property if you want to take a look https://youtu.be/SzaawXUcMTk

If you think the property has potential give me a call and I’m happy to show it to you!

This property is Listed by RE/MAX Altitude

3640 N Race St listing review

image

This property is a prime candidate for a remodel & renovation! The small home sits on a lot and a half and there is a large backyard which would allow for an addition yet still give the homeowner a usable backyard. The current home is very small and looks to have a long list of deferred maintenance that will need to be addressed by the new homeowner. The location is ideal and the home sits mid-block on a quiet street. Russell Square park is only 2 blocks east and the newly announced Denver Rock Drill redevelopment will also be within walking distance (less than 0.5 mile). The investor or homeowner who purchases this home needs to be ready for a major renovation but the potential for a beautiful home is definitely there.

The lack of photos is the major hindrance for this property. Any buyer with interest will need to set a showing to see the property and if there were photos a potential buyer may be able to eliminate (or decide to see the property) based on the photos.

The current price of $335,000 may be a bit high especially for investors who need to turn a profit. I would expect the home to sell for closer to $315,000 if the seller wants to get rid of it quickly or else it may sit for a while until the market catches up. 

I took a short video walk-through of the property if you want to take a look https://youtu.be/SzaawXUcMTk

If you think the property has potential give me a call and I’m happy to show it to you!

This property is Listed by RE/MAX Altitude