3 Bedroom Condo in Englewood, CO

[James Purvis]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $216,200
Cash invested: $21,000

Large 3 bedroom townhome with an open floor plan on main floor. Updated kitchen w/ slate tile and hardwood floors in living room. Outside patio off kitchen area perfect for a grill. Full sized washer and dryer on main floor and a pantry. Upstairs has a good-sized master with private bathroom. 2 additional bedrooms upstairs with and another full bath.

What made you interested in investing in this type of deal?

The location was ideal as it's close to the Denver Tech Center, Park Meadows, and newer area of South Denver.

How did you find this deal and how did you negotiate it?

My realtor brought me this deal

How did you finance this deal?

5/1 ARM

What was the outcome?

Great rental property. Has only been vacant 2 months in 11 years!