Property Description

NEW PRICE! Incredible opportunity on a historic corner lot with off-street driveway parking, a spacious backyard designed for entertaining, and strong income-producing potential. This property features two separate and unique units. The first unit, 8301, is a large 1-bedroom, 1-bathroom loft that could work well for long-term tenants or short-term rental opportunity. The second unit, 8303, offers 3 bedrooms, 2 full bathrooms, driveway parking, a generous backyard, and a converted attic that serves as a versatile bonus room. Rental comps indicate strong income potential, with the 1-bedroom unit projected to rent for approximately $1,200/month and the 3-bedroom unit projected to rent between $2,000-$2,500/month. Located in desirable Flood Zone X, this property appeals to a wide range of buyers, from first-time homeowners looking to offset their mortgage with rental income to seasoned investors seeking their next value-add opportunity. While the home could benefit from some updates and TLC, its potential is significant, with an estimated After Renovation Value (ARV) of $411,600. Don't miss the chance to unlock the value and possibilities this property has to offer!

Property Features