Investors, this property is under contract and no longer available. If you'd like future updates on available wholesale deals, please joint our HotList here.Fantastic property under contract in the central part of town available for wholesale purchase. Superb rehab opportunity or potential buy and hold.
Information:
Call: 719-360-3400
Email: cgilbert@wootinvestments.comProperty Address: 921 E. Columbia St. (Under Contract)
Acquisition Cost (includes wholesale fee) $70,000
Repair Costs $40,000 – $60,000
After Repair Value $200,000
Gross Profit $70,000
Comps:
1117 E. Monument St. - Under Contract for $198,500 - 2 Bedrooms /1 Bath – 1383 sq. ft. – 1 Detached Garage
807 E. St. Vrain St. - Sold for $220,000 - 3 Bedrooms /1 Baths – 1352 sq. ft. – 1 Detached Garage
824 N. Institute St. - Sold for $188,350 - 3 Bedroom /1 Bath – 1142 sq. ft. – 1 Detached Garage
818 E. San Miguel St. - Sold for $185,000 - 2 Bedroom/1 Bath - 1001 sq. ft. - 1 Detached Garage
Property Notes:
This single family rancher has a lot of potential! Sits on a nice big lot just outside the "Old North End" of Colorado Springs. It is 1,139 sq. ft., 2 bedrooms and a den (that can be used as a 3rd bedroom), 1 full bath. There is plenty of room to add an additional bathroom and/or expand the kitchen if you desire. The house needs a new roof, furnace, water heater, and appliances. Kitchen and bath will require updates. The original hardwood floors are in really good condition, under the carpet, that you will want to refinish! There are also some foundation issues that Peak Basement Systems quoted to fix and stabilize the foundation (we will provide these docs). Clean up in the crawl space is needed.
Rehab Notes:
The rehab costs really depend on how much work you want to put into the property; fix and flip or buy and hold. You will definitely have to repaint/update the interior and exterior, along with some stucco repair.
Please join Woot Investments as we celebrate our newest renovation in the Historic Old North End of Colorado Springs.
This spectacular 1894 Victorian home takes you back in time but has all the modern amenities. The home is in the Historic District and is conveniently located within blocks of downtown Colorado Springs and two blocks from Penrose St. Francis Hospital. You will see lots of slate, granite, copper, tile & beautifully refinished hardwood, tall ceilings, original trim, wrap-around front porch, stone patio, & don't forget to look for the unique wine cellar & check out the attic space. Kitchen has double oven, pot rack & awesome pantry. New water heater, roof & windows. You will not want to miss this one.
For a Private Tour Call Charles Gilbert, 719-360-3400
We look forward to seeing you and telling you our stories and the process of restoring this amazing old home - it was quite an adventure!
About the Historic Old North End
The Old North End Neighborhood (Colorado Springs, CO) was established to preserve, protect, and enhance the historic neighborhood. It works to achieve this mission by: Check out the Old North End website http://oldnorthend.org
Identifying, preserving, and celebrating historic homes and other features of the neighborhood;
Offering educational programs and preservation assistance to home owners;
Developing and offering community-building activities;
Preserving and improving the streetscape of the neighborhood, particularly the historic medians, parkways, and their canopy trees;
Improving safety and living conditions;
Monitoring building and renovations within the neighborhood, and assisting the City with the enforcement of zoning codes;
Cooperating with educational institutions in, near, and/or serving the neighborhood;
Providing communications vehicles, such as committee meetings, annual neighborhood meetings, newsletters, e-mails, and website which enhance the mission and interactions among residents
Advice To Consider Before Renovating Your Home Is there an aspect of your house that you’re not happy with? Do your bathrooms look dull and dated? Does your kitchen lack style? If so, it may be time to take on a home improvement project. In this article, you’ll get some great suggestions on what…
Investors, this property is under contract and no longer available. If you'd like future updates on available wholesale deals, please joint our HotList here.
Fantastic property under contract in the central part of town available for wholesale purchase. Superb rehab opportunity or potential buy and hold.
Information:
Call: 719-360-3400
Email: cgilbert@wootinvestments.com
Property Address: 921 E. Columbia St. (Under Contract)
Please join Woot Investments as we celebrate our newest renovation in the Historic Old North End of Colorado Springs.
This spectacular 1894 Victorian home takes you back in time but has all the modern amenities. The home is in the Historic District and is conveniently located within blocks of downtown Colorado Springs and two blocks from Penrose St. Francis Hospital. You will see lots of slate, granite, copper, tile & beautifully refinished hardwood, tall ceilings, original trim, wrap-around front porch, stone patio, & don't forget to look for the unique wine cellar & check out the attic space. Kitchen has double oven, pot rack & awesome pantry. New water heater, roof & windows. You will not want to miss this one.
For a Private Tour Call Charles Gilbert, 719-360-3400
We look forward to seeing you and telling you our stories and the process of restoring this amazing old home - it was quite an adventure!
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