This Cape Cod-style residential property, built in 1951, presents a compelling investment opportunity for those looking to capitalize on a major rehab project. Situated on a generous 0.31-acre corner lot, the property offers ample space for potential expansion or landscaping enhancements, which can significantly increase its market value. The structure… Read More is a detached home featuring three bedrooms and one full bathroom, making it suitable for various rental strategies or resale options. The existing hardwood flooring and a charming brick fireplace add character, while the daylight full basement provides additional square footage that can be transformed into living space, a rental unit (with direct outside access), or storage, further enhancing the property's income potential. Investors will appreciate the opportunity to modernize the home, as it requires major rehabilitation. The roof was replaced within last 2 years and updates/repairs made as needed. This allows for customization to meet current market demands, potentially increasing rental income or resale value. The property includes on-site and driveway parking, which is a valuable feature in residential markets, ensuring convenience for future tenants or buyers. The corner lot location not only provides visibility but also offers potential for additional landscaping or outdoor amenities, which can enhance curb appeal and attract higher offers. With no homeowners association fees or restrictive covenants, investors have the freedom to implement their vision without additional costs or limitations. The property's location, combined with its potential for significant improvements, positions it as a strong candidate for both short-term and long-term investment strategies. In summary, this property offers a unique opportunity for investors to acquire a Cape Cod home with substantial potential for appreciation through renovation and strategic enhancements. The combination of a desirable lot size, existing structural features, and the ability to create additional living space makes this an attractive investment in today's real estate market. Read Less
Courtesy of Jim Thomson, Realty ONE Group Old Towne [email protected]
Listing Snapshot
Days Online
10
Last Updated
Property Type
Single Family Residential
Beds
3
Full Baths
1
Square Ft.
1,842
Lot Size
0.31 Acres
Year Built
1951
MLS Number
VACL2005958
30 Days Snapshot Of 22620
$500k
-7%
(avg) sold price
4
+33%
homes sold
34
+78%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Responsibility: State, Black Top
Basement
Daylight, Full, Outside Entrance, Partially Finished, Side Entrance, Walkout Level
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