Potential to Convert into a 3–4 Unit Multifamily Property, Subject to Approval
Full Unfinished Basement with Potential for Laundry or Additional Space
Attic with Potential for Conversion into an Additional Unit
Rear Alley Parking for Multiple Vehicles
Storage Shed; No Garage
Strong Local Multifamily Rental Market
Comparable Multifamily Properties Reportedly Selling in the Mid-to-High $300Ks
Potential Rental Income May Exceed the 1% Rule, Based on Estimates
This La Crosse property offers a value-add opportunity for investors seeking to create a multifamily rental asset. The attic and full basement provide potential for additional usable space, while rear alley parking accommodates multiple vehicles. The local market reportedly shows rental demand and opportunities for rent growth.
Renovation is estimated at $50,000–$60,000 to configure potential units and bring the property to move-in condition. Buyers must independently verify unit-conversion feasibility, zoning, permits, rental projections, comparable sales, renovation costs, and ARV. All additional units are subject to applicable regulations and approvals.
We Offer Hard Money Loans.
For more information please contact us at (321) 450-3472.
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
0 deals visible on map
Zoom in to see deals.
Zoom in to see deals
ARV $420,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $211,000.