4950 Steele St

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🔥 Denver Flip or BRRRR Opportunity – Priced Below MLS!

📍 4950 Steele St, Denver, CO 80216

✨ MLS Price: $330,000
🔥 OfferMarket Price: $285,000
⚡ Buy Now: $290,000

💰 Projected ARV: ~$500,000
📈 Rent Potential: $2,400–$2,800/month (renovated comps)

🏡 Property Details:

• Beds/Baths: 3 Bed / 2 Bath

• Living Area: ~1,490+ SqFt (approx.)

• Lot Size: 8,820 SqFt

• Year Built: 1940

• Occupancy: Tenant occupied → possession at closing

• HOA: None

🔧 Condition & Renovation Scope:

• Estimated Repairs: ~$44,700 (light renovation, ~$30/SqFt)

• Foundation: No known issues

• HVAC: Central AC in good working condition

• Roof: Good condition

This is a light value-add project with major systems already in solid shape — ideal for a quick flip or BRRRR strategy in a rapidly improving Denver submarket.

📊 After-Repair Comps (Fully Renovated):

• 4947 Saint Paul St – Sold $500,000

• 3440 N Harrison St – Sold $545,000

• 4790 Columbine St – Sold $450,000

• 4445 Milwaukee St – Sold $435,000

• 5000 Fillmore St – Sold $445,000

Strong comp support validates a $500K+ ARV when renovated to market standards.

📝 Deal Terms:

• EMD: $5,000

• Inspection: By appointment only

💡 Why This Deal Works:

• $45K+ discount from MLS pricing

• Large lot with future upside

• Light rehab → faster turnaround

• Strong flip margins or high-rent potential

• Rare OfferMarket pricing in Denver

🔥 Priced to move — submit your offer before this one’s gone.

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Resources:

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• Run this scenario through our DSCR Calculator.
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