1931 Three-Family Home with Progress Potential Hits the Market
A ample three-family home, originally constructed in 1931, is now available for sale. Despite years of vacancy, the property retains its structural integrity, presenting a unique prospect for renovation and investment.
The current owner is seeking a buyer prepared to undertake a full-scale modernization. Prospective purchasers should anticipate complete renovations to all essential systems, including heating, plumbing, electrical, windows, and insulation, before potential rental occupancy. This project offers a blank canvas for a skilled renovator to implement their vision.
Beyond the main three-family structure, the property includes a separate residential unit located in a rear building. This unit is already in more updated condition, perhaps providing immediate rental income or owner-occupancy options during the renovation of the primary structure.
The property also offers potential for future development.The owner suggests the possibility of subdividing the land to create additional building lots, subject to local zoning regulations and approvals. This adds another layer of investment potential for developers or those seeking to expand the property’s footprint.
Interested parties are encouraged to inquire about our standard real estate brokerage terms and conditions. This property represents a rare chance to acquire a meaningful piece of real estate with both immediate renovation potential and long-term development possibilities.
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