**don’t think this property needs a lot of energy into a write-up .. speaks for itself easier than any of the hundreds of other properties I’ve been through!
***ARV over $500k
****CA$H buyers preferred
DIRECTLY across from AGH: James Street Garage. Middle of the 3 in the row.
HAS A GARAGE – see pic near end of reel to see the parcel boundaries!
*can rent garage out for a high price to hospital employees if no use for it; area is >81% walkable.
MANY FRAME ROWHOUSES in immediate vicinity selling for over $500k; going rate is between $300,000 & $550,000 & rising, depending on how far you go in rehab: cLiCk
*also can see comps pics in reel.
**consider the even greater value of this property since it has perhaps the only garage in the neighborhood
Rental prices have skyrocketed since last listed; now looking at $2,000 – $2,850/month.
As photos clearly show, needs almost everything, ROI = as high as you want it to be; minimum cash return of $100k, up to perhaps $250k. CAP can also reach 10-11% if you go that route & hold onto it for more equity .. the hospital isn’t going anywhere!
- While it’s full of stuff, a lot of that stuff is antiques of value(!)
- Stained-glass windows
- Little addition on the rear; can have contractor evaluate for another bath
- Hardwood floors
- Electric is updated(!!)
Was a hoarder’s house; been full of stuff for ≈10 years. Structurally excellent, but a MESS.
Trivial, however, for a 6-figure return 👍
*rehab has been assessed with linearity by several contractors
*bullets below have details/ages of components, etc., but do know it needs *everything* except electrical updates
- Taxes: $1,414
- Electric: Updated!
- Plumbing: Mixed
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: 20+ yrs old
- Furnace: Boiler; OLD
- Hot Water Tank: 10 yrs old
- Windows: Original
- Floors: 2
- Parking: Off-street (1-car garage)
- Rental Potential: $2,975+/mo