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!
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 it out for a high price to hospital employees if no use for it; area is 77% walkable.
1200 James Street sold for $406,735 this year – smaller by 340 sq. feet; frame rowhome as well. Going rate is between $300,000 & $500,000: cLiCk
*Also can see comps pic @end of reel.
As photos clearly show, needs almost everything, ROI = as high as you want it to be; minimum cash return of $100k, up to perhaps $200k. CAP can also reach 10% if you go that route & hold onto it for more equity .. the hospital isn’t going anywhere!
BoNuSeS:
- 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 👍
Bullets below have details of components, taxes, etc.
- 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: $1,975++/mo