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Updated about 4 years ago on . Most recent reply
![Michael Johnson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/823447/1621499017-avatar-michaelj245.jpg?twic=v1/output=image/cover=128x128&v=2)
I’m the Right place at the Right time
Investment Info:
Single-family residence buy & hold investment in Denver.
Purchase price: $950,000
Cash invested: $5,000
Sale price: $1,200,000
This New development purchase was a MAJOR stepping stone for us. We had never been to Denver so making sure we purchased in the right part of town was super important. With the right time and research, we were lucky to snag this gem. This home is surround by major new developments and in one of the hottest spots in the Denver area, Tennyson St! This home not only sold at FULL ask within 24 hours of listing but it also rented out for $50,000 a year until sold. Happy Investing!
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