3-5–bedroom in city limits
-nothing major needed or wrong with it, just needs full updates
–central air, HVAC/furnace, hot water tank are all good and actually newer
–roof older but it is not presenting any problems
–photos show its condition well
- currently a 3BR, but attic can be turned into 4th+5th bedroom
- property isn’t broken just outdated — nothing has been done to house for about 50 years; while the photos will show it’s full of stuff, it is actively being cleaned out
- plenty of properties on/around Woodland sold between $160k & $227k (source)
Has:
- Covered front porch, rear deck
- 5-year–old furnace 👍
- 2-year–old H2O tank 👍
- Location + great public trans
- 2023 taxes only $193
- Central air!
Needs:
- Full updates
- Tighten-up the exterior inc. siding
- Convert attic to more bedrooms or versatile space
possible scenario$ [est.]:
*rehab+resell: $50k+ quick return
*rehab+rent: CAP rate % will be in the teens after repairing
- Taxes: $193
- Electric: Updated
- Plumbing: Updated
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: ~20 yrs old
- Furnace: 5 yrs old
- Hot Water Tank: 2 yrs old
- Windows: Double-paned; older
- Floors: 2.5+
- Parking: On-street
- Rental Potential: $1,550+/mo