Listing photoGrand Junction, CO 81501 · MLS 20255524
"Cash or commercial financing preferred."
759 Kimball Ave is a 2-bedroom, 1.5-bath home in Grand Junction, Colorado listed at $225,000 with 988 square feet, built in 1925. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($22,500), we fund the $108,680 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Colorado or our Colorado hard money lending page.
From the listing. Rare I-1 zoned parcel in the heart of town, just blocks from Las Colonias Park, the Colorado Riverfront Trail, and downtown amenities with excellent visibility. Existing house is uninhabitable and will be conveyed as-is (zero value assigned to the residence). Oversized detached garage/shop is currently rented month-to-month to an established mechanic, includes power and provides immediate cash flow while you plan your project. Fully zoned I-1 (Light Industrial) - ideal for contractor yards, automotive uses, light manufacturing, storage, warehouse, or redevelopment (buyer to confirm specific use with City of Grand Junction). Perfect holding property with built-in income or tear down and start fresh on a centrally located light industrial lot. Properties with I-1 zoning this close-in rarely come available. Cash or commercial financing preferred. Sold strictly as-is.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $22,500 (10%) | |
| Loan at closing | $202,500 | |
| Major renovation, rough estimate* | We fund $108,680 | |
| Total loan | $311,180 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,668) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,528 at full draw | |
| Cash to close, rough estimate | $31,558 | |
Rough estimates at the list price of $225,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
More hard money deals in Grand Junction All Colorado opportunities Hard money lender in Colorado Fix and flip loans Every live opportunity
Cash or hard money only"Property is being sold as-is and cash only."
Cash or hard money only"This property will not qualify for conventional financing."
Cash or hard money only"CASH-ONLY SALE. Property is being sold strictly as-is and is priced to reflect its current condition."
Get pre-qualified in one call and write your offer with the financing already lined up.
