Exceptional investment opportunity with strong income-producing potential. The previous owner operated the property as a boarding house, making it an attractive option for investors seeking cash-flow opportunities.
This fully renovated home features 5 bedrooms and 3.5 bathrooms, offering an abundance of space and flexibility for a variety of potential uses. The property is currently vacant and ready for its next owner.
While the city does not currently recognize the property as a boarding house, buyers are encouraged to conduct their own due diligence regarding zoning, licensing, occupancy limits, and any requirements necessary to establish or continue such use. Alternatively, this property can serve as an impressive and spacious single-family residence.
The home offers significant value-add potential. An unfinished bathroom presents the opportunity to create an additional full bathroom with completion of the remaining work. Multiple fireplaces throughout the home add character and charm. The main level features two exceptionally large family rooms that may offer flexibility for alternative layouts, subject to buyer verification and local requirements. The finished attic provides additional usable space that could serve as storage, a loft, office, or recreational area.
With its generous layout, recent interior renovations, and numerous possibilities for customization, this property is ready for an investor or owner-occupant to unlock its full potential.
The property is being sold strictly as-is and is priced accordingly, presenting an outstanding value for investors and buyers seeking upside potential.
Buyer is responsible for independently verifying all information related to permitted uses, zoning regulations, occupancy requirements, and any approvals that may be required for future modifications or intended use.
Additionally, the seller is offering several other rental properties and is willing to package multiple properties together at a discounted price, creating an excellent opportunity to expand or launch a real estate investment portfolio.
