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Single Family Residence3 BD3 BA2,789 SqFt9.25 AcresBuilt 1977
Two exit strategies here:
1. Flip — renovate the existing home and sell on the retail market. Nearby higher-end sales support significant upside.
2. Subdivide / Develop — 9.25 acres creates a real development opportunity. Sell the existing home on a portion of the lot and build on the remaining acreage. Subdivision feasibility would need to be confirmed with Jefferson County before underwriting this exit.
Comps:9086 Jennings Rd, Morrison — investor as-is comp7333 Plowsher Way, Morrison — $1,299,000 (2 acre lot)7262 S Sourdough Dr, Morrison — $1,450,000 (2 acre lot)
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OFF-MARKET INVENTORY
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5,000 EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.
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