Major Value-Add Opportunity! This 3-bedroom bungalow at 823 Downing Street is a prime canvas for your next successful renovation or rental property. Priced at only $125k starting bid, with a solid After Repair Value (ARV) of $255k and a $55k rehab budget, this deal offers a clear and substantial profit margin. The home is situated in Hampton's Wythe neighborhood, a stable market with a median home price of $290,000. Major systems (roof, HVAC, windows) need replacement, kitchens/baths require updating, allowing you to build significant equity through strategic improvements.
Value-Add Canvas: A 1,100 sq ft bungalow ready for a full cosmetic and mechanical transformation.
Scope of Work Identified: Project needs include a new roof, HVAC, windows.
Strong Local Market: Located in ZIP code 23661, where homes sell for a median of $290,000.
Proximity:
The property is located in the established Wythe neighborhood of Hampton, offering convenient access to Downtown Hampton, the Hampton Roads waterfront, and major commuter routes.
Call or text us at 757-769-5300 for more details!
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ARV $255,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $196,000.
