New Project: Scrape a House and Build a Duplex
admin | February 10, 2009
What are we getting ourselves into?
Right after selling Lowell, we turned around and put the money into another property in Denver, near Broadway and Evans. It’s southwest of that intersection, in the Overland neighborhood. We didn’t know much about the neighborhood before buying it, but we’ve been pleasantly surprised at the cool shops and restarurants nearby. The house is only 4 blocks away from the Denver/Englewood border, so its close to the cute downtown area of Englewood. The house is also only about 4 blocks to the Evans light rail stop, which takes you downtown very easily.
So, about the house. It was built around 1900. It’s cute, but when we bought it, we knew there were some foundation issues. Trees growing out of the side of the house = bad. It was our intention to buy the house, then have experts determine the condition of the foundation and recommend a course of action … either fix it, or tear the house down. And wouldn’t you know it, we ended up tearing it down. The foundation would’ve been over $30K to fix, and there wasn’t much value in the existing house to warrant the expenses. The good thing for us is the house is on a ‘double lot’ which is zoned for a duplex. So a duplex we shall build. Here are some before and after shots of the house and demo.
