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501 E Grove Ave

Parma ID 83660

3
3
2712 sq. ft.
6969.6 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Unlock Unrivaled Potential in Parma! This unique property presents a great opportunity for an investor or an owner-occupant ready to build equity and generate income. The main residence spans 1832 sq ft, featuring an unfinished basement (approximately 670 sq ft) that offers a solid foundation for your creative vision and future expansion. While updated about 10 years ago, there's ample room to customize and truly make it your own. Adding significant value is the separate, income-generating 800 sq ft ADU (Accessory Dwelling Unit), currently bringing in a reliable $1200/month in rental income! With two distinct living spaces, this property offers incredible flexibility: you have the powerful option to live in one and rent the other, or maximize your investment by renting both units for substantial cash flow. Don't miss this chance to own a versatile property with significant income potential and room for appreciation in the growing community of Parma. This isn't just a house; it's an investment in your future.

Features

3 bedrooms
3 bathrooms
2712 sq. ft. floor area
6969.6 sq. ft. lot size
Single-Family

Happy sellers in Parma

<50%
Less than 50% of sellers in Parma reported that their sale price either exceeded or met their price expectations.

Parma stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Parma over the last 12 months.

Local market activity for 3 bedroom single-family properties in Parma

In the last 12 months, 53 three-bedroom single-family properties similar to 501 E Grove Ave, have been sold.

This represents a 70% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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