It’s down-to-the-studs, yet the land is even worth more than the asking price:
foundation = GOOD; location = PERFECT; exterior = GOOD (*weeds/overgrowth in-process of being cleared); interior = stripped-down palette w/good square footage.
Owners had gutted it nicely for full rehab, but aren’t continuing via personal constraints, so you have a cleanly demo’d slate to put together.
If you check the StreetView from 2016, you can see how it usually presents. You wouldn’t know from the outside that the inside is completely gutted.
Once-beautiful BIG front porch. Room for garage in rear if you prefer – common on its alley. Fence around backyard should still be mostly functional.
- CAP @all-in if you keep it: 16.5 → 19%
- ARV: $125,000+ (*comps shot attached @end of reel)
- Repair cost est.: $39k – $47k
The exposed brick is very cool until you get to where the chimney exits the roof :/ roof is slate, so might be able to just do a repair / hopefully not have to replace the whole thing (pix will show). Should buy this property soon to get work started toward selling it for a profit far pa$t what you’ll have into it.
||Does NOT need:
Central heat – opt for central air!
@the end of the block, flat street w/curb-appealing houses all unique to one another. In city limits. Everything very nearby, including Sheraden Park.
Rent it out for $1150/month, or live in it & enjoy 100% brand new space you’ll have installed. Basement dry.
- Taxes: $1,050
- Electric: Needs updating
- Plumbing: Needs replacing
- Kitchen: Needs one
- Bath: Needs both
- Roof: Slate – needs a repair (recent)
- Furnace: Needs replacing
- Hot Water Tank: Needs one
- Windows: Mixed
- Floors: 2
- Parking: Off-street (alley) / on-street
- Rental Potential: $1,150/mo