A great property. Looks like the previous owner did almost a total remodel except for the foundation. There is no landscaping to take care of plenty of parking. Two houses on one lot, very close to Adams Ave, extremely walkable. This could be leased up in as little as a week or two.
The first house is a three bedroom, all with good closet space. The master bedroom is surprisingly huge. Looks the former owner took out several walls, as this house was originally built in the 1920’s.
The back unit is a giant studio with a bathroom strangely done in marble and granite. All tile floor as opposed to the wood and carpet in the front house.
Estimated rents at between $2,000-$2,200 for the front house and $900-$950 or so for the back one.
Property currently has several offers on it; price has been negotiated to $350,000 with a preliminary acceptance. Unknown how it’s going to shake out at this time. The seller/ bank wants all contingencies removed at acceptance. So if you inspect the place and find that it needs a total foundation replacement for $75,000 you’re screwed for your deposit. Or, you spend $450-$500 bucks prior to acceptance for an inspection and someone else buys the property out from underneath you.
Excellent location:
front of first house.
living room front house
kitchen front house
master bedroom
studio living area back house. bathroom is right, kitchen left
kitchen for back house