Property Overview
Thornton Townhome with HEALTHY HOA – Already updated Kitchen, Low Entry Price, Strong ROI
Here’s a quick flip project of an end townhouse in Thornton.
This 2 bed, 1.5 bath townhouse offers 1,408 sq ft of space, end unit with lots of light, two deeded carport spaces, and a private patio with storage—a rare combo at this price point.
The big win? The kitchen has already been updated with new cabinets, stainless steel appliances, counters, and backsplash—one of the costliest reno items already done. The rest of the home just needs a big cleaning with cosmetic updates to bring it to resale-ready condition: some new flooring, fresh paint, a bathroom overhaul, and water heater replacement.
There’s a wood box on the ceiling in the living room which is identical to several other units, likely the old wood burning stove that had the matching tile removed when the flooring was replaced. Roof was replaced approx. 3 years ago (per seller), and the HOA handles exterior maintenance, keeping your focus on the interior.
Quick close set for April 29th (let us know if you need a little more time) ideal for buyers looking to move fast. Finished comps have similar finish level showing this solid ARV is conservatively estimated at $285K. With the right updates, this property can outperform active inventory where the end unit balances out the location on 88th.
Layout:
- Main level: wood floors, updated kitchen, half bath, sliding door to patio
- Upper level: two bedrooms, one full bath
This is a low-lift, high-upside flip in a neighborhood with active buyer demand. Bring your crew and move quickly, this one’s priced to move.
Why It Works:
- Updated kitchen already done — one of the biggest costs covered
- End-unit with added privacy and no shared walls on one side
- Two deeded carport spaces + private patio with outdoor storage
- Low exterior maintenance (HOA covers it)
- Quick close and fast-turn renovation scope = faster ROI
Video Walkthrough
This property has an estimated fix budget at $28K. This low-cost flip budgets for interior work only with new floors, a replaced water heater, renovated full and half bathroom as well as interior paint to finish it off. We’ve added a cushion to the budget for any extra’s and general touch up. Note the kitchen has already been redone including opening up the original floorpan. The main level flooring also looks better than expected.
Total Budget: $27,784
The finished product is a 2-bed, 1.5 bath, 1408 sq ft townhouse with modern floors, paint, bathrooms, and an updated kitchen.
HOA includes Clubhouse, Playground, Pool, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Water for a monthly fee of $520. HOA has evidence of recent solds demonstrating healthy HOA not on the condo blacklist. Unit legally a townhouse/condo.
Closing is scheduled for 04/29/2025.
Close can be April 25 or later, let us know what close date works for you. Plan on April 29 unless we agree on a different date.
2 Beds, 1.5 Baths, 1,408 sq ft
8778 Mariposa Street Zillow
Sold on 3/25/25 for $280,000 2 bed, 1.5 bath, 1088 sq ft
This comp is a great example of why the subject property is such a strong deal. A comparable unit just sold for $280K on March 25th at 2 bed, 2 bath, 1,088 sq ft. With $10,500 in concessions, the net purchase price was $269,500. While the kitchen is similar with stainless steel appliances and updated cabinets like our subject, it’s missing a backsplash and sits on granite countertops, which are nice, but not a huge upgrade. More importantly, it’s a full 480 sq ft smaller than the subject property, and it was sold as-is with a more dated interior overall.
Once the subject property gets new flooring, fresh paint, and updated bathrooms, it will be far more desirable than this comp. The comp helps show just how much value is sitting in the subject property for investors looking for a quick turnaround with strong return on investment.
1187 Milky Way Zillow
Sold on 3/31/2025 for $292,500 2 bed, 2.5 bath, 1474 sq ft 3/31/2025
These developments are all interlinked and were built at the same time and have the same layouts, highly comparable.
This comp sold for $292,500 on March 31, 2025. It gives a clear picture of how the subject property can perform once renovations are complete. It’s a 2 bed, 3 bath unit with 1,474 sq ft, just 64 sq ft larger than the subject. While it does have one extra bathroom, the finishes in those baths are dated compared to what’s planned for the subject property. This comp was flipped with modern updates of refreshed flooring, paint, and an updated kitchen with granite counters and new cabinets though it’s missing stainless steel appliances, which the subject has. After $5K in concessions, the net sale price comes out to $287,500. The subject property, once finished, will have the edge with newly renovated bathrooms, stainless appliances, and the added perk of being an end unit with no shared walls.
1090 W 88th Ave #41, Thornton, CO 80260 Zillow
Sold for $345k on 12/17/2024 4 beds, 3 baths 1536 sq ft
While this comp has 4 beds, 3 baths, the size difference of the units is only 128 sq ft. This property needs complete rehab from top to bottom, yet still sold for $345k. This is adjacent to the subject property.
