Asking Price: $765,000 Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the… Read More potential to be converted into an Accessory Dwelling Unit (ADU). The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options. Investment Opportunities: Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million. New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project. This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don't miss out on this exceptional opportunity! Read Less
Courtesy of Thomas Hennerty, NetRealtyNow.com, LLC, [email protected].
Listing Snapshot
Days Online
176
Last Updated
Property Type
Single Family Residential
Beds
5
Full Baths
2
Square Ft.
5,000
Lot Size
0.33 Acres
Year Built
1925
MLS Number
DCDC2151816
30 Days Snapshot Of 20018
$667k
-7%
(avg) sold price
17
0%
homes sold
64
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full
Building
5,000 sqft living area, 3,500 sqft above grade (finished), 1,500 sqft below grade (finished), Built in 1925, Structure Type: Detached, 3 levels
Cooling
None, None
Fireplaces
1 fireplace
Heating
None, None
Lot
14,300 sqft, 0.33 acres
Property
Other Structures: Above Grade, Below Grade, Soil Types: Unknown
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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