Despite its need for extensive updates, large 5BR / 2BA house is still an apparent gem & will ROI.
It surprisingly did NOT get beat-up in its long vacancy-stretch – plumbing taken, but property was not destroyed, inhabited, vandalized, etc.! Maintains original workmanship qualities: solid brick build, fireplaces w/exposed interior brick reaching high ceilings, pocket doors, as well as original wood trim, built-ins, staircase, & floors (which can be restored rather than carpeted for even higher ARV).
Very close-proximity comp just sold for $148k; smaller in size w/2 bedrooms fewer. Since you’ll be replacing most ancillary components of the >2,100 sq. ft. house, you can do whatever you want with it – can even opt to convert to a duplex! Had a 2-car detached garage in rear; space to rebuild or convert to parking pad; for now, has usable grass patch to park @ least 3 cars.
Roof is NOT old! Big plus for a big home. Even bigger plus: ALL walls have been re-drywalled! 😮
Definitely walkthrough-worthy & CHEAP – – don’t expect it to last!
- Taxes: $2,735
- Electric: Needs updating
- Plumbing: Removed; needs to be installed
- Kitchen: Needs updating
- Bath: (2) Need Updating
- Roof: 8 yrs old
- Furnace: Needs replacing
- Hot Water Tank: Missing; needs one
- Windows: Original
- Floors: 2
- Parking: Off-street/On-street
- Rental Potential: $1,375/mo