Available

Fairmount Dr

Denver, CO 80247 View Full Address

Your Buy Price: $164,995

Bedrooms: 2
Bathrooms: 2
Parking Space
Total SF: 948
Built in 1979
After Repair Value: $265,000
Fix Estimate (Flip): $38,000
Fix Estimate (Rental): $10,000

Access Date and Time

Tuesday, 7/15/2025, 12:00 PM

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Property Overview

Picture this: a 2-bed, 2-bath, 948 sq ft ground-floor condo, with patio, overlooking green space! The HOA covers exterior, snow, water, and trash – so your focus is pure interior cosmetics. Buy it today for $165k, drop a $38k facelift (kitchen, baths, floors, paint), and list at $265k in a sub-$300k price band where Denver homes average single-digit days on market. That’s a clear $47-plus-thousand spread (after repairs and holding/closing costs) in a product first-time buyers are lined up for.

Are you prepared to let someone else take this spread, or are you ready to say “yes” and lock it up today?

Property Walk Through:

• Entry & Living: Ground-floor entry into living room with brick fireplace; slider opens to patio facing green space
• Dining & Kitchen: Dining nook off living room flows into front-left kitchen ready for full gut (shaker cabinets, quartz, stainless package)
• Hall Bath: First door off hallway, full bath to update vanity, tile, fixtures
• Bedroom 1: Opposite hall bath; standard closet, new paint and carpet planned
• Primary Suite: End of hall; larger bedroom with its own full bath and wall-length closet
• Storage & Mechanical: Hall closet for HVAC and water heater plus pantry closet near kitchen
• Exterior & Parking: One assigned surface space, guest parking steps from front walkway

Why this Works

  • Big value gap
    You are all-in for about $203k (165k buy plus 38k rehab). Similar finished units in Woodside and across Alameda have been closing $240k to $305k. That is a daylight margin every flipper in town hunts for.
  • Price point first-time buyers crave
    Denver’s median sale price just ticked up to $575k. Anything livable under $300k is gone in days.
  • Lowry redevelopment momentum
    A new 200,000 sq ft mixed-use district called The Boulevard at Lowry just broke ground two blocks away. More restaurants, retail and office traffic means rising condo values.
  • Cherry Creek job engine next door
    Cherry Creek’s office vacancy is only 6.6 %, one of the tightest in the country. Workers want close-in housing they can afford, and Woodside sits on the Cherry Creek Trail bike commute.
  • Builders are betting here
    Toll Brothers is launching a new luxury community along the Cherry Creek corridor for 2025. Big capital does not move unless it sees upside.
  • Rental fallback
    Two-bed condos here lease around $1,850. Even if you kept it, cash flow is solid with minimal maintenance.
  • Bottom line: You control an entry-level Denver asset at 63¢ on the retail dollar in a submarket that is adding amenities, jobs and buyer demand every quarter. That is why investors who understand velocity will move on this deal today.

Neighborhood Description: Tucked between Windsor and Lowry, the complex offers mature trees, easy access to Lowry Town Center dining, Cherry Creek trail, I-225 and DIA. Quiet streets, big green spaces, city convenience.

 

Est Close Date: 07/29/2025
Total SF: 948
Total Finished SF: 948
Above Ground SF: 948
Lot SF: 1,873
Zoning: R-2-A
Rent Estimate: $1,850
Deal Type: Wholesale
Property Type: Condo

Video Walkthrough

The rehab is a clean cosmetic lift: swap the tired entry door, gut and rebuild the kitchen with shaker cabinets, quartz, and stainless, refresh both baths with new vanities, fixtures, and tile, lay LVP throughout with fresh carpet in bedrooms, spray-and-roll paint on every surface, punch out minor plumbing and electrical, and finish with an HVAC tune-up and new thermostat. All seven line items tally to $34,800, we add a 10 percent cushion for surprise hiccups, landing at a total budget of $38,280 that brings the unit to retail-ready condition without touching exterior or structure.

Item Key Actions Budget
Replace Entry / Patio Door Remove existing slab, adjust framing, install new steel door with hardware & weatherproofing, paint $1,000.00
Full Kitchen Remodel Shaker cabinets, quartz countertops, subway backsplash, stainless appliance package, under mount sink & faucet, LED can lighting $14,000.00
Update Two Full Baths New vanities, faucets, mirrors, lighting; LVP/tile floors; tub reglaze (hall); new tile surround (primary); replace toilets $10,500.00
All New Flooring 948 sq ft LVP in living/kitchen/hall, new carpet in bedrooms, new 4″ baseboards throughout $4,500.00
Interior Paint & Ceiling Touch‑Up Spray ceilings, roll walls & trim, patch minor drywall, caulk, two‑tone scheme $2,800.00
Plumbing & Electrical Punch Replace shut‑off valves, supply lines, GFCI outlets, switches, lighting boxes; minor drain fixes $800.00
HVAC Tune‑Up & Safety Service furnace & AC, replace thermostat, clean ducts, install smoke/CO detectors $1,200.00
Subtotal $34,800.00

 

Subtotal: $34,800
Recommended 10% Contingency: $3,480
Total Budget: $38,280


Replace Entry / Patio Door: $1,000
Full Kitchen Remodel: $14,000
Update Two Full Baths: $10,500
All New Flooring: $4,500
Interior Paint & Ceiling Touch‑Up: $2,800
Plumbing & Electrical Punch: $800
HVAC Tune‑Up & Safety: $1,200

Total Budget: $34,800


Freshly renovated with designer finishes, this ground-floor condo pairs walk-out convenience with a private garage and resort-style pool. Minutes from Lowry shops and the Cherry Creek trail, it delivers turnkey living at an approachable price. Just move in and enjoy Denver without the Denver price tag.

Woodside Condos – $422 per month covers: Reserve Fund, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water

Closing is scheduled for 07/29/2025.

Subject Property

2 Beds, 2 Baths, 948 sq ft


8600 E Alameda Ave Unit #17-203 Zillow

Sold Date: 6/24/2025
Bed/Bath: 2/2
Sq Ft: 1,019
Sale Price: $245,000
Well Kept, but dated. Older kitchen and bathrooms, dated carpet in bedrooms.


8555 Fairmount Drive Bldg C Unit 106 Zillow

Sold Date: 01/03/25
Bed/Bath: 1/1
Sq Ft: 701
Sale Price: $240,000


8225 Fairmount Dr Unit 103 Zillow

Sold Date: 1/10/2025
Bed/Bath: 2/2
Sq Ft: 1,019
Sale Price: $304,900
Updated kitchen (painted cabinets), stainless steel appliances, updated bathrooms, fresh paint, new flooring.


8600 E Alameda Ave Unit 21-106 Zillow

Sold Date: 3/18/2025
Bed/Bath: 2/2
Sq Ft: 1,019
Sale Price: $273,400
Ground Floor unit, dated kitchen with original cabinets, newer looking carpet, semi updated bathrooms.


8600 E Alameda Ave Bldg 16 Unit 104 Zillow

Sold Date: 3/7/2025
Sq Ft: 1,019
Sale Price: $305,000
Stainless steel appliances, updated kitchen, older bathrooms.


8555 Fairmount Drive Unit J208 Zillow

Sold Date: 08/26/24
Bed/Bath: 2/2
Sq Ft: 948
Sale Price: $276,000
Nice and clean, yet dated.

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    • I understand the property is sold as-is. I have had the opportunity to inspect the property and perform my required due diligence.
    • The seller will, at any time of the seller's choosing, make the final selection of who will be buying the property.
    • Non-refundable earnest money/deposit are due at contract signing. Both count towards the contract and what you owe at closing. Both are non-refundable except when seller is not able to provide clear title or, if seller is buying property prior to reselling it, if seller is not able to buy property for any reason.
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