Luxury Flip | Colorado Springs, Colorado

Ranch w/ finished basement, 2702 sq ft total.  This sizeable ranch on acreage was a diamond in the rough.  Comps weren’t quite there to prove what we knew our borrower could potentially sell this gem for.  Accordingly, we worked with them to provide optimal terms and leverage.  It ended up selling for $40k what we could prove on paper, given the comps at the time.

Purchase: $335k, Rehab est. $90k, Sale Price: $549k

Total remodel included:

• all new kitchen including new appliances and all new fixtures and granite counter tops,
• updated bathrooms
• new paint and new interior trim
• landscaping,
• electrical, plumbing, and HVAC updates
• new roof
• full interior/exterior remodel