225 E Colorado Ave
Located in a quiet neighborhood, this 3-bedroom, 2-bathroom home offers strong potential as either a flip or long-term rental investment. The property features a functional layout with two bedrooms, a full bathroom, open living room, dining room, kitchen, and laundry area on the main level. The finished attic provides additional living space, while the finished basement offers the possibility of creating a separate rental unit.
The basement configuration presents an opportunity to convert the property into a duplex-style setup, though all utilities are currently on a single meter. Investors should verify local zoning and utility requirements for any conversion plans.
Estimated rehab costs are approximately $60,000–$80,000, with an estimated After Repair Value (ARV) of $160,000–$170,000. Major improvements needed include roof shingle repairs, siding repairs, and repairs to both the front and rear decks. The home sits on a decent-sized fenced yard, adding appeal for future tenants or owner-occupants.
The electrical service includes a Square D panel. The condition of the furnace and water heater is currently unconfirmed and should be evaluated during due diligence.
Whether you’re looking for your next flip project or a cash-flowing rental property with value-add potential, 225 E. Colorado Ave presents an attractive opportunity at the right price point.
ARV: $160,000-170,000
Asking Price: $45,000
Estimated Rehab: $60,000-80,000
Estimated Rent: $1000-1700/mo (if the basement is utilized at a separate apartment.)
*Rehab descriptions are provided as a courtesy. We strive to help investors have a better understanding of possible needs and numbers. Information provided here is NOT an exhaustive scope of work nor is it a bid for contractor and labor. Please do your own due diligence as numbers/ARV are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.