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Property Overview

Transform this affordable ranch with existing 2 bed 1 bath that you will remodel basement to add 2 more bedrooms and another bath making it a 4/2. You could keep the property as it is with just clean up, new appliances, new paint and carpet and list for less or do this upgraded remodel to maximize ARV.
When you have remodeled you will have a modern main level with new kitchen and bath plus a basement with another 2 bedrooms and 3/4 bath. The yard is already in great condition with covered back patio and new concrete. The neighborhood does not require high end features, just a basic refresh of main level and improvement of basement sf.
The yard is in unusually excellent condition including a nice covered back patio.

The windows were already replaced and the roof appears newer. You can assess if the swamp cooler is functional, we have included central AC addition in the budget.

The neighborhood does well due to the affordable entry price point. It is worth considering that the kitchen and bathroom, while dated, are in good condition and could be kept and the basement could just be cleared out and used in current condition. This would reduce both ARV and the remodel cost. You can also evaluate that the neighborhood has some much higher solds and the $475k is very conservative for such a big reno budget.

Est Close Date: 08/29/2025

Total SF: 1,615

Total Finished SF: 1,615

Above Ground SF: 890

Basement SF: 725

Lot SF: 6,990

Zoning: E-SU-DX

Rent Estimate: $2,500

Deal Type: Wholesale

Property Type: SFR

Video Walkthrough

Easy to work with. Everything that you pointed out was correct, actually was a little better than what you said.
KALEB

Very professional. Went very well, very smooth, very easy.
CHAD

I am quite happy with HomeTrust's smooth process and great communication.
MARK

HomeTrust is a well oiled machine. They are professional, process is simple and I highly recommend HomeTrust.
KEITH

It was smooth as always. Good communication, straightforward timing and no surprises, no hiccups, everything closed as planned.
ADAM

Everything was really smooth. Everybody communicated well.
MITCH

You guys are easy to work with, friendly, professional. It's a pleasure to do business with you.
ANDY

I really like the fast response. They're upfront, they're honest. It was a very enjoyable experience.
JILLIAN

It was great. It was really good, the communication was great.
VERONICA

You have two options here. The first is clean up, add new appliances, interior paint, new furnace and new flooring. This keeps the house as a two bedroom plus nonconforming 3rd basement bedroom, one bathroom that is clean but a little dated.
The second option utilizes the generous $65k fix budget to modernize the main level with new kitchen plus spend more in the basement to add a second bathroom there (sewer ejector pump may be needed), move laundry to utility room and add egress window to make legal 3rd and likely legal 4th bedroom down in basement. You can see by the comps that this doesn’t need to be high end, the buyers are ready for both types of end result.

In all cases you are replacing the furnace, interior paint, flooring and doing new appliances because seller is allowed to take all including kitchen and laundry. Take a moment to appreciate the newer windows plus the quality of landscaping already there as well as the new concrete for off street parking.

Closing is scheduled for 08/29/2025.

Seller shall retain ownership of the following items, which are excluded from the sale of the Property: oven, refrigerator, washer, dryer, and freezer located on the back porch. These items shall be removed by Seller prior to closing.

Subject Property

2 Beds, 1 Baths, 1615 Sq Ft

1690 S Umatilla Street, Denver, CO 80223 Zillow

This comp demonstrates the fix of same size and same finish level that sold for $540k. Why do I show you this? They are the same house and they have a one car garage and maybe you want to add a one car and go for the massive price increase. This is a compelling case that our $475k ARV is VERY safe and you will likely sell for more.

1675 S Raritan Street, Denver, CO 80223 Zillow

Sold in the past month, this much smaller house with a far worse yard sold for $484,000 as only a 3 bd 2 ba with a significantly smaller 1,051 sqft, also no garage.

1695 S Quieto Court denver, CO 80223 Zillow

Sold in January of this year for $482,400 this not as nice 4 bd 2 ba 1,601 sqft has been updated and this highlights that cheaper materials can be used. It makes the case that our $475k ARV is conservative.

S Raritan St

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S Raritan St

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