4595 London Ln. Colorado Springs CO 80916 Sold

$124,000 3 bd, 1.5 ba, 1560 sqft

Sold

Available now – $130,000 handyman special in southeast Colorado Springs.  Home needs around 30 – 40k worth of work.  Needs new roof, basement finished and 4th bedroom added to reach 190k ARV.

Property currently has a $121,400 reverse mortgage payoff amount, but may come down significantly in price after an appraisal has been done, because the new payoff amount will be 95% of the appraisal.

Numbers are a bit tight at $130k but work well around $118k, so if the price drops it will be a good flip.

May also be a good buy & hold, rent estimate is roughly $1,250 – $1,375 per month

Property Details

Price:
$124,000
Address:
4595 London Ln
City:
Colorado Springs
State:
CO
Zip Code:
80916
Year Built:
1972
Terms:
For Sale
Property Type:
Home
Square Feet:
1560
Bedrooms:
3
Bathrooms:
1.5
Basement:
Finished
Lot Size:
8400

Additional Features

This 1560 square foot single family home has 3 bedrooms and 1.5 bathrooms. It is located at 4595 London Ln Colorado Springs, Colorado. FACTS Lot: 8,400 sqft Single Family Built in 1972 All time views: 67 Heating: Forced air Great solar potential Sun Number™: 76 FEATURES 509 sqft basement Finished basement Fireplace

Call (719) 286-0053 for more details

Property Location

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