$800,000
Pending

1483 Detroit Street

Denver, CO 80206
2488 sqft | 0.14 acres | #1581857
Listing OfficeRequired Properties LLC
Browse 9 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

1483 Detroit is a 2,488 square foot 4 plex converted mansion in Denver, CO. A year ago the property was struck by lightning. An insurance claim was filed at that time. The property is currently gutted down to the studs. The owner is looking to find a buyer who would like to assign the insurance claim and finish the project.
Estimated Finish Value: $1,150,000
Price: $800,000
Rehab Estimate: $400,000
Rehab Covered by Insurance: $375,000*
Potential Profit: $325,000
*to be verified by Purchaser

  • Property Details
      • Sewer InformationCity Sewer, Public Sewer
      • Property SubtypeIncome Property
      • SubdivisionCongress Park
      • Property TypeMulti-Family
      • MLS #1581857
      • MLS #1581857
      • Elementary SchoolTeller
      • CountyDenver
      • Cost800000
      • Middle SchoolMorey
      • Acres0.14
      • Square Feet2488
      • Year Built1896
      • High SchoolEast
      • Parking Spaces4

Location

Blake MillerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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