Investor / Builder Opportunity in Old Colorado City – Approved Plans + Strong Upside

Located in the heart of Old Colorado City, 2904 W Platte Ave presents a prime value-add opportunity for investors, builders, or contractors looking for their next project. This classic bungalow has already undergone significant demo work, including removal of heavy plaster walls/ceilings and two deteriorating brick chimneys—saving time and upfront labor.

The property comes with city-approved plans for a 2 bed / 1 bath layout, along with an alternative 2 bed / 2 bath configuration mock-up, giving flexibility to maximize resale value. A contractor quote is available for the 2/2 build, providing clear insight into project scope and budgeting.

With an estimated purchase price around $220K and projected renovation costs near $100K, the opportunity presents a potential $80K+ equity spread for the right buyer executing efficiently.

Highlights:

Old Colorado City location with strong resale demand
Major demo already completed
Approved plans + additional layout option included
Contractor bid available for reference
Significant upside for experienced builder/investor

Important Notes:
Property is in mid-construction condition. Use caution when touring due to debris and exposed materials.