DENVER foreclosure home - a townhouse or condo (10 beds, 2 baths)

Investor Opportunity to renovate 3 units and build 3 additional townhomes with an annual projected income of $154,800. Everything is in plae to break ground on this project immediately. This property has been re-zoned to accommodate the construction of three additional townhomes to the west. The project is fully permitted and has been approved by the city of Sheridan. The permit authorizes the full renovation of the existing structure to accommodate three dwelling units, as well as the new construction of three townhomes to the west, for a total of six units, plus six separate storage units in the basement of the existing unit. Full asbestos mitigation has been performed on the existing structure. The seller can provide a full and complete plan set for review and use. Please schedule any showings on ShowingTime and reach out to the listing agent for additional access details. Some of the data provided in this listing assumes the buyer will complete the project as laid out in the corresponding plan set.This foreclosure home is a townhouse or condo located in DENVER. It offers 5663 in size, 10 beds and 2 baths. Review its detailed information and determine if this DENVER foreclosu...

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This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.