2 bed | 1 bath | 1,274 sq ft | 6,114 sq ft lot
Delivered vacant
We see some comps that we really like for resale, but since it's an R2 lot, there are plenty of development possibilities as well.
It could use a more open-concept kitchen, but besides that we think everything it needs is cosmetic.
There are existing beautiful hardwood floors and spacious backyard.
Having a lot size over 6,000 sq ft and being owner-occupied means this property can pass the SB8 guidelines, and it certainly has the right lot size and space enough in back to be developed.
Purchase Price: $630,000 (was 680k)
Rehab: $70,000
ARV: $895,000
Comps:
1) 1601 W.
47th St is a 1448 sf craftsman that sold for $954K, remodeled.
2) 4350 Van Buren is only 884 sf, was not renovated, and sold for $788K
2 bed | 1 bath | 1,274 sq ft | 6,114 sq ft lot
Delivered vacant
We see some comps that we really like for resale, but since it's an R2 lot, there are plenty of development possibilities as well.
It could use a more open-concept kitchen, but besides that we think everything it needs is cosmetic.
There are existing beautiful hardwood floors and spacious backyard.
Having a lot size over 6,000 sq ft and being owner-occupied means this property can pass the SB8 guidelines, and it certainly has the right lot size and space enough in back to be developed.
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Purchase Price: $630,000 (was 680k)
Rehab: $70,000
ARV: $895,000
Comps:
1) 1601 W.
47th St is a 1448 sf craftsman that sold for $954K, remodeled.
2) 4350 Van Buren is only 884 sf, was not renovated, and sold for $788K
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