The HOT Mammoth Foreclosure of The Week | 1849 #304

1849 #304 –– Yes, this has been a busy REO week and the bank  just listed this property last night. This is a dynamite property and a great opportunity for some buyer. This is all about LOCATION, VIEW, rentability (revenue potential)and purchasing on the “back-end” of a big HOA assessment. This is where the action is. But this is not for the timid. This will be purchased with cash and will need additional cash for remodeling (and it is certainly worthy). This is a 3 bedroom / 3 bath “flat” or what some might call a penthouse. It is all on one level and serviced with an elevator that is accessed from the central lobby. The property has a large atrium that was nicely improved during 1849’s major (recent) renovation. The assessment for this unit was close to $100,000 and is paid. The property is in good shape but has many 70’s touches remaining. The unit has a large entry for ski and snowboard storage. It also has a nice (lockable) storage/laundry room. The view from the living room, master bedroom and atrium looks at the Canyon Lodge ski runs and Lincoln Mtn. The parking is understructure. This is a trophy property. Listed at $429,000. I can show it to you all New Year’s weekend.

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