This property at 4533 Pennsylvania St, Denver, presents a unique flip opportunity in the Globeville neighborhood. At 700 sqft, it features one bedroom and one bathroom, and is currently listed at $239K. However, the comp data indicates that similar properties, with higher square footage, have sold for significantly more - up to $470K. This suggests that while the property has potential, it likely needs substantial improvements to match market values.
For a successful flip, consider investing in renovations to enhance the property's appeal, such as updating the kitchen and bathroom, and improving curb appeal. Given the current rental agreement until May 2025, you can generate income while planning your renovations. Evaluate the cost versus potential return to ensure a profitable flip in this evolving market.