|Above Ground SF||960|
|Garage/Parking||Attached- 530 SF|
Fix-up Price: $80000
3 bed, 1 bath, 960 sq ft built in 1954. The house sits on a very BIG lot, 18,700 sq ft. (0.43 acre), in a Cul-de-Sac
Zoned R6P, possible to subdivide and add another home.
New roof put in 2019. Taxes assessed as is $324K.
Similar houses are renting and market rent is $2000-2,300
The lot is zoned R6P which means you can build 6 houses per acre. The lot is almost half an acre, 0.43 acre or 18,700 sq ft. You can fix this house up, refinance and rent it out while subdividing the lot and building another one. Then sell both or rent both. In this case, the second lot will be basically free.