Do You Have The Biggest Pockets on Bigger Pockets?
Today I bring to you a very special wholesale deal out of Fort Garland, CO that is a MASSIVE opportunity for the right buyer.
Sale Price - $650k OBO
ARV - $800k + (this home will be worth 900k+ easy in a year or two)
Rehab - $10k - 15k (on the high side)
The owner has been receiving we buy houses mailers for the past year or so....the house was listed and had multiple offers at 750k but he cancelled his listing because he has another house under contract in AZ and needs to get out now...August (right now) is the best time to sell in this area, so you could likely buy this, relist it, and profit huge without doing anything at all...or fix it up and hold it and catch that appreciation, divide it up and turn it into 3 separate rental units....the possibilities are endless!
17421 Poza Rica Rd FORT GARLAND CO 81133 is a 5 bed 4 bath, 5,000 square foot custom built log cabin with over 1.5 million in cash invested in new construction since 1996. The place is immaculate and needs nothing, minus finishing the basement (if you desire).
To finish the basement the only things needed are a drop ceiling installed and epoxy flooring, and finishing the kitchenette. $10k - 15k depending on the extent of the upgrades you do.
Granite countertops, Jetted Tub, antique furniture, solar windows, high end fans, high end speakers, high end custom wood trim, pergo flooring, custom cabinetry work, high end tile, high end Kohler bathroom materials, trash compactor, double lazy susan, valuable artwork, tables, chairs, and more.
This home is completely off the grid and runs strictly on Solar, Wind, 27k Watt Generator using 15 industrial grade cell phone tower batteries that power the entire house hold with ease, and the massive generator is mainly there for backup power.
5+ acres, horse cages, garden, fenced in yard with dog run, custom cedar log cabin wood imported from Pennsylvania, 5k gun safe, big screen TV, speakers, and more..this place is immaculate!!!
Not to mention the gas fireplace / wood burning stove combos installed throughout the house, along with a Glycol Floor Heating System that heats up every floor throughout the entire house!!!
Rehab costs - under $10k (if you only add drop ceiling and epoxy flooring in basement) 15k + if you get more involved with it and attempt to turn it into 3 separate living spaces, theoretically you could live upstairs, rent out the downstairs, and rent out the mother in law suite in the barn. Cashflow opportunities abound!
Has mother in law suite in barn with pergo flooring and high end bathroom fixtures, tubs, and other materials...all top of the line stuff.
Also has his / her offices with beautiful views, and a staircase joining the two offices from the first to second floor! Genius.
Allow me to reiterate, the previous owner invested 1.5 million in cash into this property!!!
He spent 100k just on the poured concrete foundation, the generator is 25k, and the wood used to build the house was thousands more!!! This thing is a fortress!
BARN WITH 1 BEDROOM APT. ABOVE, AND RV GARAGE
OFF GRID, HIGH END LOG HOME
Inclusions:
- Refrigerator in Main house kitchen (All other kitchen appliances built in)
- 4 wood stoves. 2 in main house, 1 in barn, 1 in apartment.
-Cozy propane furnace on first floor (this will heat entire house to prevent pipes freezing if no one here)
- Bedroom set in bedroom 2 (4 poster bed, dresser, night stand)
- Large Safe in downstairs bedroom. Very expensive. Room was built to accommodate that safe. I will leave door open with keys and combination inside.
- Antique dining set in Apt.
-Set of bunk beds (only one mattress) in apt.
-Dresser in Apt.
-Numerous shelving units in Mechanical room, and barn.
-Craftsman snowblower
-Rototiller - nearly new
-Security system with 4 cameras.
-Small work bench in garage.
-Full bed in downstairs bedroom.
-Big screen Toshiba TV (downstairs)
-Wall mounted Klipsch speakers in Master (wired in)
-Desk and chair in upstairs office
-Desk and chair in Library
-Antique Mexican china cabinet in dining room.
-Picnic table on rear deck
-Construction lumber & materials (all new) in barn.
-Wheelbarrow, misc. yard tools, hoses, etc. in barn.
-44' aluminum extension ladder - nearly new - in barn.
-Yamaha Stereo in Barn
-Portable propane and solar heaters in apt.
-Propane Clothes dryer (main house) GE ,fairly new
-250 gallon potable water tote in garage (this is for emergency back up and hooks up to a back up pump that is plumbed in to water system)
-All stains and paints required for maintenance of home.
-Spare oil and filter for generator.?
Cash or hard money preferred, must be able to close quickly within the next 30 days...showings of the property are available upon request, must be a serious vetted buyer with a valid proof of funds letter.
Thank You for viewing and please let me know if you have any questions and I'll do my best to answer them.
$650k OBO - there is a bit of wiggle room here for the right buyer.
Occupied - DO NOT DISTURB TENANT!
