Put in 20k or so to potentially double your investment.
Fully detached SFR — new ~everything inc. roof & A/C, $20kish to finish off; work the #s per your own routine but comps & rental capacity are of course among the highest in the city.
–2 BRs + office or small 3rd BR
–not a flip; long-time known owner/landlord
3 blocks off of Penn:
Just had a ton of work done in prep to sell as a fresh buy/hold:
-
- central heat and air
- all new Goodman® HVAC
- new windows
- new roof
- new plumbing & Rheem® H2O tank
- new electrical
- new flooring
- exposed brick, wood
- updated kitchen w/stainless range
- central heat and air
- main floor holds laundry, BA, 1BR + office/den/gym, kitchen, LR
- upper floor houses other sizeable BR
- all appliances you see you get
Will need to put a good $20k in to achieve area’s rent–ready status.
Comps (briefed in photo reel) were tightly ran:
-all sales located in same census tract.
-all rentals located in ʟᴏᴡᴇʀ Lawrenceville boundaries.
- Taxes: $1,189
- Electric: Newly updated
- Plumbing: Newly updated
- Kitchen: Updated
- Bath: Updated
- Roof: New
- Furnace: New + new a/c (both Goodman®)
- Hot Water Tank: New (Rheem®)
- Windows: New; Multi-paned
- Floors: 2
- Parking: On-street
- Rental Potential: ≈$2,000/month