Despite cliché: deals don’t come around like this everyday. Huge corner-lot Victorian triplex in original style, surrounded by wraparound porch (needs work), other Point Breeze mansions, a 2-car detached garage, AND no neighbors to the left or right!
Most or all original wood (inc. staircase) & ornamental components, built-ins, etc. remain – excellent restore opportunity. Some updates done, but are older & will likely need done again to produce full value.
A pretty stunning historic home that will proudly represent Point Breeze after repair. Private entrances. It’s fully rented, so livable & functional; however, pics will describe the work it needs. Restored comparable multi-family homes have hit $500k+.
As this home sits it’s worth roughly 1.5x the asking price. Has some castle-like qualities; unique, pretty solid, and somewhat of a showpiece when fixed-up! What you put into it depends on want you want to get out of it; eg, might put in $80k and rent for $3-4k/month -or- fully restore & flip for enormous ROI.
- Taxes: $2,727
- Electric: Needs updating
- Plumbing: Needs updating
- Kitchen: (All) Need Updating
- Bath: (All) Need Updating
- Roof: 25 yrs old
- Furnace: (1) 40 yrs old; (2) 10 yrs old
- Hot Water Tank: (1) 10 yrs old; (2) 7 yrs old
- Windows: Mixed; nearly all need to be replaced
- (2) 2 BR / 1 BA; (1) 1 BR / 1 BA
- Floors: 2.5
- Parking: Off-Street / On-Street
- Rental Income: $1,800/mo