Denver Investment Opportunity – 3243 Albion St (80207)
Off-Market Deal | Light Value-Add | Long-Term Hold Potential
🏡 Property Overview
- 2 Bed / 1 Bath (+ ~190 SF non-conforming flex space / possible 3rd BR)
- ~762 SqFt + basement
- 6,250 SqFt lot
- Brick single-family home (1942)
- Carport (no garage)
Located in Northeast Park Hill (80207), this property sits in an entry-level price point with strong long-term demand.
💰 Deal Snapshot
- Purchase Price: ~$310K–$325K
- Estimated Rent: ~$2,000–$2,200/month
- ARV (Conservative): ~$400K–$420K
🛠️ Value-Add Opportunity
- Estimated rehab: ~$15K–$25K
- Key items:
- Furnace / ducting (asbestos present)
- Appliances needed
- Yard cleanup / minor exterior improvements
This is a light reposition, not a heavy construction project.
📈 Investment Angle
This deal is best positioned as a:
- Buy & Hold rental
- DSCR loan candidate
- Long-term appreciation play
At current pricing, this is not a high cashflow deal, but offers:
- Entry into a strong Denver market
- Consistent rental demand
- Tax advantages for the right investor (depreciation, cost segregation, etc.)
🎯 Ideal Buyer
- Investors focused on long-term holds
- Buyers comfortable with thinner initial returns
- Portfolio builders looking for stable Denver assets
- Investors seeking light rehab projects
⚠️ Important Notes
- Location near major roads + commercial adjacency
- Small footprint (~762 sqft) limits top-end resale
- Layout includes non-conforming flex space (not legal bedroom)
- Prior market activity suggests sensitivity to retail pricing
This deal works best for investors who understand realistic pricing and long-term strategy.
📊 Comps & Additional Info
Available upon request:
- Comparable sales
- Rent comps
- Rehab breakdown
- More photos
- Access details
📲 Next Steps
Text or call for details, comps, or to schedule access:
Mike Connolly
📞 720-740-2575
🔁 Investor Disclaimer
This is an equitable interest / assignment opportunity. Buyer to perform their own due diligence. All numbers are estimates and should be independently verified.