Property Description:
In a market where equity potential is increasingly scarce, this 1954 property presents an exceptional opportunity. Priced at $209,000 with an estimated after-repair value of $330,000, you have plenty of room to fix it up and make a profit. The property is solid block construction with a frame extension. The house has city water and sewer connections, no flood zone concerns, and a foundation without known issues.
The property requires several improvements to reach its full potential. Current renovation needs include roof replacement, AC system installation, water heater upgrade, and minor drywall repairs due to water damage. A final cleanout will need to be completed by the buyer.
What makes this investment particularly attractive is its straightforward path to value creation. Located in an established 1950s neighborhood, the property combines the security of a stable area with the potential for significant appreciation through targeted improvements. The substantial spread between purchase price and after-repair value provides investors flexibility in exit strategies, whether for long-term holding or immediate resale after renovation.