Location, location, location. This 1926 Colonial townhouse, f3 bedrooms, 2 full baths, requires a full gut renovation to reach the upside potential of $650 – $725,000. Open House Saturday September 19, 3-4 pm. Renovated properties in the Trinidad area average $510 – $540 per above-ground square foot. There is additional value by maximizing the 830 square foot walkout basement.

List Price: $400,000 (reduced from $490,000 in February)
Recommended Purchase Price (MAO): $375,000 – $400,000
Estimated Renovation Costs: $130,000 ($60/sqft full gut rehab across the 1,404 above-grade footprint plus finishing the 830 square foot basement – Plug in your average costs)

This analysis is informational and based on assumptions that may change. Independently verify property condition, title, zoning, comparable sales, financing terms, construction costs and exit values.