Investment Opportunity Open
This property consists of 2 single family home dwellings in the highly desirable neighborhood of Wilhelmina. The two dwellings consist of one 6 bedroom, 2 bath, 2,090 square foot home and another large 4 bedroom, 4 bath, 3,045 sf home. Both properties are in need of major repair. The entire property sits on 17,405 square feet of land zoned Residential-5 (R-5), which adds additional amount of value since we, or the end buyer, can legally divide (CPR) the property. This also provides us the opportunity to build out another brand new duplex at the top of the property to maximize the value in the land and profit from two more home sales.
- Purchase Price: $1,350,000
- Acquisition Date: July 30th, 2017
- Construction Budget: $1,350,000
- After Repair Value: $4,300,000
- Current Status: In Escrow
Please contact us for a full detailed description & summary if you are interested in investing with us on this project.