715 Glencoe St Denver, CO 80220

CALLING OUT TO DEVELOPERS, HOMEBUILDERS & OWNER OCCUPIERS PREPARED FOR SOME SERIOUS SWEAT EQUITY AND BEING SOLD COMPLETELY "AS-IS" NO EXCEPTIONS. Location, Location, Location! Amazing opportunities like this rarely become available in Hilltop South, on one of the most picturesque streets in the neighborhood, boasting homeowner pride, annual block parties & a special sense of community. Neighboring homes have been Denver County appraised at $700K to $1.5M. That said, 715 GLENCOE STREET, with the same occupant for 26 years is in need of a complete remodel creating enormous upside potential. Original features abound; gleaming original hardwood floors, are being exposed after 80 years as I type, cove ceilings, original wood-burning fireplace, Tudor doors with original hardware & decorative exterior half-timbering. Priced arguably for the land value, the 6250 sqft double Lot falls into the highly sought after CARSON ELEMENTARY catchment area. Newly built, two-story homes, recently constructed, throughout the neighborhood have been selling in the $1.5M range. As such the property may be scraped, remodeled or possibly expanded into the surprisingly large back yard, which will need to be deforested. Be sure to check where the property line and fence actually are behind the trees. The basement is plumbed and has laundry, a commode & sink although the bathroom area is not walled. Because of which it is not reflected in Public Records. The owner has never resided in the property, lives abroad and is liable to the FIRPTA Foreign National Tax. Be sure to write your contracts accordingly. As such a successful contract from an owner-occupier reflects a 5% tax advantage. BRING YOUR TOOL BELT, AN EARNEST MONEY CHECK & A CONTRACT. This opportunity will not last.
Please respect COVID-19 social distancing and do not infringe on fellow agent's 30 minutes showing window.
SOLD STRICTLY "AS- IS". Bcause of it's current condition the home will not qualify for FHA or VA Financing.