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3265 s clay street englewood, CO 80110

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Sold On: 2023-11-30
But Similar Homes Are Available:
Boulevard_Gardens, englewood Homes For Sale

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$295,000

Beds: 3
Baths: 1
Fin SqFt: 1019
MLS Number:
8759915

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Description:
***CALLING INVESTORS/REDEVOPLERS*** UNIQUE OPPORTUNITY! INVESTOR OPEN HOUSE TODAY, 11-3-2023 FROM 11AM-2PM. COME ON THROUGH WITH YOUR CALCULATORS AND MEASURING TAPES! This one could be really cool deal but it will take some imagination. This home does not fall into the traditional "flip" category for resale, however there are a couple of ways to tackle a meaningful project - it could be a knock down and complete redevelopment/new build OR the house could be cosmetically rehabbed to become a rental as is. Owner was getting $2000/mo for rent 2.5 years ago. Current market rents are $2100-$2300/mo. Seller was able to purchase this home as a primary residence 6 years ago on an FHA loan which is a bit of a mystery ... not sure how it could have passed FHA appraisal requirements at that time and certainly would not now. Major systems are functional as is but home is in typical run-down condition with many deferred maintenance items needed to be completed. PROS: extremely large lot which could easily handle a large structure and still leave lots of outdoor yard space, quite a few newer developed homes on same and surrounding blocks, Loretto Heights redevelopment project in the works bringing entertainment venues and green space to the 72 acre campus https://denverite.com/2023/09/21/loretto-heights-redevelopment-library-theater-southwest-denver/ https://www.denverpost.com/2023/09/06/denver-buys-bonfils-theater-loretto-heights-renovation/ CONS: neighborhood is still in "emerging" status, it's a mixed bag of quality and condition of homes on this and surrounding streets, original structure has been added on to and as such the current house is kind of a Frankenstein with a hodge-podge layout, attached one car attached has a broken door and is unusable as is other than for storage, very large backyard is HUGE is generally a mess and the entire fencing is damaged and trashed - needs to be fully replaced

Status: Closed

Listing Office:
atlas real estate group

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Want to schedule a private showing on this home or another home in englewood? Call us at 303-726-1874 or email us at properties@petrelliteam.com.

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The Brian Petrelli Team is your Boulevard Gardens, englewood home specialist.

Our team of local englewood experts have over 200 years of combined expertise in the Colorado Real Estate market. Give us a call today to put our knowledge and experience to work for you as you buy or sell your next Boulevard Gardens home.

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The Brian Petrelli Team
Phone: 303-726-1874
properties@petrelliteam.com

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Want to see more properties in Boulevard Gardens , englewood or the surrounding areas? Email us for a full list at properties@petrelliteam.com.

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Call us today and find out why we're leaders for Houses in englewood, Colorado and the most most qualified REALTORS in Boulevard Gardens. We can show you any available home in englewood, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. Best of all, as a buyer, our services cost you nothing! What are you waiting for? Call us today!
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The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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