4595 London Ln. Colorado Springs CO 80916 Sold

  • $124,000
  • 3 beds
  • 1.5 baths
  • 1560 sqft
Sold
4595 london ln colorado springs co

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

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

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