Investment Opportunity Closed
This property consists of 3 single family home dwellings in the highly desirable Wilhelmina neighborhood. The two front dwellings consist of a 2 bedroom, 1 bath home on the left (when facing the property), and a 1 bedroom, 1 bath home on the right. The front right dwelling is in tear down condition and it is also considered ‘legal non-conforming’. Both the front left 2 bed/1 bath dwelling and the back 3 bed/1 bath dwelling are in fair condition and will require a light renovation. The entire property sits on 10,490 sqft 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.
- Purchase Price: $775,000
- Acquisition Date: March 16th, 2017
- Construction Budget: $410,000
- After Repair Value: $1,798,000
- Current Status: In Progress
Please contact us for a full detailed description & summary if you are interested in investing with us on this project or future projects.