$800,000
For Sale

1483 Detroit Street

Denver, CO 80206
2488 sqft | 0.14 acres | #1581857
Listing OfficeRequired Properties LLC
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

1483 Detroit is a 2,488 square foot 4 plex converted mansion in Denver, CO.  A year ago the property was struck by lightning.  An insurance claim was filed at that time.  The property is currently gutted down to the studs.  The owner is looking to find a buyer who would like to assign the insurance claim and finish the project.
Estimated Finish Value: $1,150,000
Price: $800,000
Rehab Estimate: $400,000
Rehab Covered by Insurance: $375,000*
Potential Profit: $325,000
*to be verified by Purchaser

  • Property Details
      • Acres0.14
      • Square Feet2488
    • Parking
      • Parking Spaces4
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1896
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
  • Community and Neighborhood Details
      • SubdivisionCongress Park
    • Location
      • School DistrictDenver 1
      • Elementary SchoolTeller
      • CountyDenver
      • Middle SchoolMorey
      • High SchoolEast
  • Financial Details
      • Original List Price$800,000
      • Taxes Annual$6,030
  • Other
      • MLS #1581857

Location

Colorado Clockwork Realty Inc. Colorado Clockwork Realty, Inc.
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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