We were going to make this into a short-term rental property. Plans were sketched to convert into a 3 beds 2 baths and already approved by the city!
There's also an appraisal done on the property as a 3/2 as well. The property will be worth $145,000 to $160,000 upon completion of project.
Scope of work completed. Property has been inspected by multiple contractors & by the city. Possibility to buy house next door as well after purchase.
We already have a complete set of plans/sketch approved by the city. We have a complete scope of work. We have a team of contractors to do the work. We have an appraisal showing the property will be worth a minimum of $145,000 once the property is completed. All of these factors takes away hours, days and weeks of headache-inducing objectives! We even have lender(s) that will give construction loans on it.
Property has been cleaned out, holes in the roof has been repaired, there are a few newer windows. The property also has a distressed 2 car garage in the back as well. You could potentially add a paved driveway to increase the value.
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Photos have been updated
Property Repairs needed:
Electric
Floors
Plumbing
Windows
HVAC
Drywall
Roof in a couple spots
*Property sqft on assessors site is incorrect, property sqft was measured on several occasions, & is 1568 sqft for 1st and 2nd floor.
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