• Property:

 ◦ 46XX Meade Street, NE

 ◦ Asking:  $340k

 ◦ ARV: 

 Existing house: $625k

 Additional semi-detached:  $535K

 • Description:

 ◦ Detached house on double lot

 ◦ Additional semi-detached house could be added.

 ◦ Existing house:

 Two-story detached house 

 3 beds

 1 bath

 Brick and stucco

 No basement

 1,716 sf total square footage

 Needs total renovation.

 ◦ Lot:

 Zoned R-2

 7,500 sf

 R-2 development standards for semi-detached homes:

 • Lot: 3,000 sf

 • Height: 40

 • Stories: 3

 • Lot occupancy: 40%

 • Settlement:

 ◦ EMD:  $5K

 ◦ Title: Millennium

 ◦ Closing:  3-4 weeks from ratification