This property at 920 Harlan St in Lakewood presents a significant flip opportunity. With a current list price of $429K and comps ranging from $445K to $654K, there's potential for a solid profit. However, it requires extensive renovations, including plumbing and roof replacement, which could escalate costs. The neighborhood's average selling price around $637K suggests potential upside after upgrades.
To maximize your return, consider a thorough renovation focusing on essential systems and aesthetic updates. Given the comp data, aim for a budget-conscious approach that enhances curb appeal and interior functionality. If you’re looking to sell soon, be mindful of the total investment versus potential selling price to ensure profitability.