Echo Summit provides Zip Sheets to our customer base as a part of our services. Zip Sheets contain hard-to-find information on hot real estate deals in the Denver area. Most of the information in a Zip Sheet will have a shelf-life of only a few weeks, as hot deals tend to disappear quickly. If you are interested in subscribing to our Zip Sheets, please email me at scott@echo-summit.com
Echo Summit is coming across high-quality, ‘must sell’ properties in hot areas on a frequent basis. For friends and existing clients, we strongly recommend the Fitzsimons, Walnut Hills, and Cherry Creek Vista areas for the rest of 2008. Fitzsimons you have likely heard about, but few people are talking about the latter 2... yet.
Fitzsimons
While $billions have already poured into the project and the area, about $7 billion more has been committed for the next decade। This area, if you are not aware, will become the premier bio/healthcare-sciences research park and medical center in the country. The key point about Fitz is that the investments are now starting to become evident in the form of hotels and larger corporate presence (think Chipotle, etc). Property values should soar in the near future. At ~$155k for a good 3/2 SFR, you can easily get you into this neighborhood and cash flow with only 10% down. More investors will flock to this area when they see the investments and the physical changes to the area, so for Fitz, you should buy soon.
Walnut Hills
Simply put, Walnut Hills is one of the least expensive neighborhoods you can still be: 1) close to I-25, 2) in the ‘good’ part of the Cherry Creek School district, 3) walking distance to light rail and 4) walking distance to world-class shopping and entertainment (by Elephant Bar and CB & Potts off of Arapahoe)। I recently picked up a mint $275k property for ~$230k, which is literally walking distance to the Arapahoe lightrail stop (and feeds into the Campus Middle School and Cherry Creek High School). Rent is ~$1,550... phone rang off the hook the day I put it up for rent.
Cherry Creek Vista
Next to CC reservoir, walking distance to Light Rail and Del Frisco’s, good CC schools and streets with $500-600k houses, $700-900k houses, and $260-350k houses… ALL NEXT TO ONE ANOTHER. In the near future, the $260-350k houses are likely to experience a dramatic upward swing. In the meantime, this neighborhood feeds into the best schools in the state, has a brand new swimming pool and rec center, is a fantastic place to live, and has VERY FEW rentals. You could likely get into this neighborhood and cash flow with 20% down.
What to do next
If you are interested in Echo Summit tracking any of these areas for you and presenting you with opportunities, we would gladly do so. Remember, buying is free to you. Make sure you are pre-qualified and ready to move, however. Sometimes we will have to move fast to get the best properties at the best price.
If you would just like to sit down and talk about any RE topic, we would be happy to do that as well!
Scott Lukes
Founder, Echo Summit Properties
http://www.echo-summit.com/
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