Bd/Bth: 2/1
SqFt: 1032
Lot SqFt: 5000
Yr Built: 1913
Asking: $225,000
ARV: 365k
Inspection: CALL OR TEXT
Single family house located 1 block south of NE Sandy Blvd.
Property is a standard sized lot of 5,000 sqft zoned CM-2, which is for Commercial Mixed use.
Zoning does not impact the residential aspects of this house, and further diligence is required to understand development potential if that is your exit strategy.
There are several "skinny" row houses in this neighborhood, which could be supported by the zoning rules.
The house needs substantial renovations throughout if the exit strategy is to flip.
Expect to replace the roof and all of the appliances, as well as most of the cosmetic features.
The windows have mostly been updated throughout to vinyl.
There was once a detached garage, but it was damaged and removed several years ago.
There is currently no garage or carport.
Sales values for a 2/1 in this neighborhood are selling between 350-370k.
The house also has an unfinished basement with a separate entrance that can be used for storage, but is not tall enough to be a legal living space.
Given the scope of work and the time of year, this could be a great deal to get finished just in time for the hotter real estate sales season and higher prices.
More pictures and video are available upon request.
* Opinion of value is given as a courtesy.
Assignor/Seller makes no guarantees or warranties, express or implied.
* Only available to Cash Buyers who can close quickly.
Buyer pays both (buyers and sellers) sides of closing costs.
Assignee/Buyer to do their own independent due diligence.
All properties sold as is, where is.
fix, fixer, upper, investment, real estate, flip, ARV, rehab, handyman, motivated, wholesale, as-is, contract, assign, after repair value, arv, motivated, probate, foreclosure, estate, cash buyer, as is, bankruptcy, cheap, need to sell, fast, repairs, equity, default, rental, buy and hold, landlord, lease option, seller financing, subject-to, land contract, condemned, subject to
Whatsapp
