- 2,318Living Sq. feet
- 5Bedroom
- 3Bath
- MLS®FX-10458509
- StatusActive
- $ 525,000
Featured
- Price
- $ 525,000
- Bedrooms
- 5
- Bathrooms
- 3.0
- Full baths
- 3
- Sq.Feet
- 2,318
- Year build
- 1947
- Type
- Residential
- Sub-type
- Single Family Detached
- Status
- Active
Distressed Sale | Not an REO. VALUE ADD OPPORTUNITY. The subject originally functioned as a single-family home but was adapted into a triplex years ago. The unit breakdown is (2/2) (2/1) and one (1/1). The subject has a violation for non-conforming units and work done without a permit. This requires bringing the property into compliance (back to a single family). Currently priced at $227/SF, the property is $125 less expensive than neighborhood single-family homes. Market data suggests that an equivalent SFR in the area typically sells for between $650,000 and $775,000. The value-add opportunity can be broached by converting the property back to a single-family. This typically requires the removal of 2 stoves and the 220 V electric line as well as opening doors between the units.
Listing Courtesy of Media Realty
