Property Description:
🏡 ONLY $34,995 with owner financing. $2500 down with $500/mo - first 3 months deferred.
This property is a renovator's dream, nestled on a peaceful dead-end street,
Offering immense potential
Investment Opportunity!
Affordable Monthly Payments
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Property Overview
Type: Upstairs-downstairs duplex, currently configured as a four-bedroom, two-bathroom setup (access through inside stairs to upstairs unit)
Condition: Requires a complete gut and rehabilitation.
Electric: On for one unit; wiring for the other unit has been partially cut in the basement.
Utilities:
Electric: Separate for each unit.
Gas and Hot Water: Shared by both units (likely owner-paid).
Foundation: Appears solid, brick structure.
Neighborhood: Located at a dead-end with minimal grass to maintain, and a quiet setting. Adjacent property features a new metal roof.
Exterior Issues
A large tree in the backyard poses a liability and needs removal.
Quote: $2400 ($2000 for taking down the tree, $400 for cutting up the tree. Licensed, Bonded + Insured)
Some wood rot on the exterior porch and steps.
Interior Details
Downstairs:
Layout includes a living room, bedroom(s), and bathroom.
Evidence of vandalism (cut wires, damaged breaker box).
Plaster falling due to lack of heat.
Upstairs:
Evidence of prior rehab attempts (e.g., some wall repairs).
Functional electricity but limited fixtures.
Requires updates to layout and cosmetic finishes.
Basement
Utilities: Contains one furnace and one hot water tank.
Some modern plumbing (plastic drain lines).
Wiring damage in the junction boxes, which needs repair.
Investment Highlights
Potential rental income: Up to $1,000/month per unit, depending on rehab quality.
Proximity to neighboring homes with visible upgrades (e.g., new roof on adjacent property).
Potential cost savings on lawn maintenance due to minimal yard space.
Rehabilitation Needs
Clean out property
Remove liability tree ($2400 quote bonded and insured)
Address wiring issues and reconnect electric circuits.
Install or repair utilities for tenant use.
Complete interior and exterior cosmetic and structural repairs.
Verify zoning and property layout.