Discover the potential of this unique property, ideally suited for the experienced handyman or savvy investor. Located within the city limits and zoned R3, this versatile property features two homes on one lot, offering endless possibilities for income generation and renovation.
Home 1: Immediate Income Potential
The first home is currently rented, providing a steady stream of income from day one. This residence has charming features and solid bones, needing only minor updates and TLC to maximize its rental potential.
Home 2: Full Rehab Project
The second home on the property is a blank canvas awaiting your vision. This house requires a full rehabilitation, making it an ideal project for those with a keen eye for renovation. Transform this space into a stunning residence or another lucrative rental unit.
Property Highlights:
• Zoning: R3, offering flexibility for various uses.
• Location: Conveniently located within city limits, ensuring easy access to amenities, public transportation, and vibrant city life.
• Income Potential: One home is already generating rental income, while the other presents an excellent opportunity for value-add investment.
• Investment Appeal: Perfect for experienced handymen, investors, or developers looking to capitalize on a property with significant upside.
Opportunities:
• Renovation: Fully rehab the second home to create additional rental income or increase property value.
• Development: Explore potential for further development or enhancement due to the favorable R3 zoning.
This property is a rare find with immense potential. Whether you're looking to expand your rental portfolio or undertake a rewarding renovation project, this unique property offers a promising investment opportunity. Bring your creativity and expertise to unlock its full potential!