Access Date and Time
Wednesday, 5/28/2025 , 12:00 PM
Property Overview
🏡 1390 Lewis St – Lakewood Big Fix add bathrooms on Corner Lot
📍 Lakewood, CO – Idlewild Neighborhood off Kipling 📐 1,608 Sq Ft | 🛏 3 Bed | 🛁 1 Bath | 🚗 2 car Attached Garage | 🧱 Lot Size: 14,244 Sq Ft (add second and third bath)
🧱 Overview
Add 2 bathrooms to improve this 3 bed 1 bath into your choice of 4 bed 2 bath or 3 bed 3 bath on a third of an acre corner lot in Lakewood’s Idlewild neighborhood, an area where buyer demand is hot and inventory is extremely low (just 2 weeks available and a median of 9 DOM). This existing 3 bed, 1 bath 2 car garage ranch-style property offers profit reward for the structural $50k work plus full renovation. One of the garage stalls of this 3 car garage was converted to a large primary bedroom with plenty of space to add second en suite bathroom backing to laundry for easy plumbing access. Two of the bedrooms on the other side of the house were opened to make another double sized bedroom so you could either put the wall back up making this a 4 bedroom two bath or keep it open and add a third bathroom close to the existing hall bath. Watch the video to see all the space you have for these valuable upgrades. Do your own measurements to confirm.
Past the kitchen, you’ll find the laundry area leading into the park like backyard and two-car attached garage.
Out back, you’ve got another covered porch and a fenced yard. With a third of an acre (14,244sf), an attached two car garage, and a central Lakewood location in the Jefferson County R1 School District it has privacy and parking space for RVs and toys.
🔧 Rehab Scope
An estimated $115K renovation budget covers:
- New windows and patio doors
- Interior and exterior paint
- New flooring throughout
- Full kitchen and bath renovation
- Add second and third bathrooms
- Landscaping for the oversized lot
- Install central air
- Structural repairs already reviewed by an engineer ($50k included in budget)
This is a full cosmetic and systems update with the high-dollar items already scoped and priced.
💡 Why This Deal Makes Money
- In-Demand Location: Lakewood continues to trend upward, and Idlewild is no exception – homes move fast and sell high.
- Limited Supply: With inventory below one month, competition is thin.
- Strong Fundamentals:
- Newer mechanicals: Furnace (2 yrs), Water Heater (6 yrs), Roof (2018)
- Engineered structural evaluation already completed and included for your review. $50k to complete.
- Vacant at Closing: Close June 30th, 2025 — or possibly earlier with flexibility.
🔍 Investor Summary
This is the kind of project serious rehabbers look for -known structural budget, big lot, high comps, and clear value-add by adding second and third bathrooms to the existing home. 1390 Lewis St delivers a chance to create a standout product that is either a 3 bed 3 bath or 4 bed 2 bath in a highly constrained market.
🏃♂️ Act quickly – solid resale upside in a location where options are vanishing by the week.
📆 Closing Scheduled: June 30, 2025 (early close may be possible)
📞 Cash Buyers Only – Reach out today to walk the property and secure your next project.
Neighborhood:
Idlewild is close to the good part of Colfax in a well-established neighborhood in Lakewood that is seeing a lot of buyer activity right now. With less than a month of inventory and homes typically going under contract in just 9 days, it’s clear this area is in high demand. It’s located close to 6th Ave in the Jefferson County R-1 school district, which is a strong selling point for families looking for reputable schools. The neighborhood is centrally located and quiet, You’ll find well-kept homes, walkable streets, and plenty of homeowners who’ve been in the area for years. It offers quick access to the foothills, Colorado Mills and highways, making it easy to get into downtown Denver or around the metro.
Video Walkthrough
The estimated $115k renovation budget covers a full remodel including all major updates. Plan to add a second and third bathroom, install new windows and patio doors, exterior and interior paint, new flooring throughout, a full kitchen and existing bathroom, add central air, and landscaping cleanup. There are also some structural fixes needed—those have already been reviewed by a structural engineer and are included ($50k) in the budget. See our included estimate in photos and feel free to ask us for more info.
Total Budget: $115,000
The finished product will be a 3 or 4 bed, 3 or 2 bath 1608sf fully renovated ranch property in Lakewood, with an 2 car garage ready to fly off the market.
There are structural issues with the property, this has been assessed by a structural engineer for repair and we have a documented report. See attachments in document section.
Closing is scheduled for 06/30/2025.
Closing is scheduled on June 30, 2025
4 Beds, 2 Bath: 1,608 sf OR 3 bed 3 bath: 1608 sf with 2 car garage on a third of an acre.
10465 W 14th Ave, Lakewood, CO 80215 Zillow
Sold for $600k on 3/3/2025 | 3 beds, 2 baths, 1,246 sqft
This smaller comp just sold for $600K on March 3, 2025—3 beds, 2 baths, and 1,246 sq ft of living space. It is a great example of what a finished flip can look like in this neighborhood. Our subject property has 350 more square feet of living space, offering more room to get that 3rd bathroom on the same size lot. While this comp only has 2 baths, both properties share a similar ranch layout and renovation potential. Once fully updated, the subject property is set to exceed this comp... especially with our higher square footage and the right design choices like adding the third bath. It’s a great opportunity to bring a fresh flip to a market where buyers are moving fast and inventory is tight. We have conservatively estimated ARV at $625k based on this smaller comp.
10370 W 13th Pl, Lakewood, CO 80215 Zillow
A nearby comp at 1684 sq ft, 3 beds, 2.5 baths sold for $660K on May 29, 2024. It's around 80sf larger than our subject property and shows that when you add two bathrooms you significantly and meaningfully improve the market value. Most of the interior was original—older cabinets, outdated blue bathrooms, and dated finishes throughout. In contrast, the subject property will be fully renovated, including new flooring, updated kitchen and baths, fresh paint inside and out, new windows and patio doors, and added central air. Yes, it’s a 3 bed, 1 bath at 1618sf now but it will be a 3 bed 3 bath 2 car move-in ready, modern house that far exceeds the condition of this comp. Considering this comp brought $660K in its dated condition, the subject property has strong potential to beat it thanks to its complete overhaul and cleaner presentation. We have conservatively estimated ARV at $625k but see a path to $675k based on this comp.
