List price is lender approved, and all contracts will require third party approval. Discover a prime investment opportunity in the heart of Park Circle with this charming 1920 Federal-style townhouse. Non-conforming 2 unit property. This interior row property, constructed from durable brick, offers a solid foundation for both immediate rental income and long-term appreciation.
With a compact lot size of just 0.02 acres, maintenance is minimal, allowing for a hassle-free ownership experience. The property is currently a blank canvas, providing investors with the flexibility to customize and renovate according to market demands.
The absence of existing bedrooms and bathrooms presents a unique opportunity to design a layout that maximizes rental potential. Located in the desirable Park Circle neighborhood, this property benefits from a vibrant community atmosphere and proximity to local amenities.
While there are no association fees or amenities to manage, the area boasts convenient access to public transportation and essential services, enhancing its attractiveness to potential renters. On-street parking is available, adding to the convenience for residents and guests alike.
Investors will appreciate the potential for strong rental yields in this sought-after location. The historical charm of the Federal architectural style combined with the opportunity for modern updates positions this property as a lucrative addition to any real estate portfolio.
With the right renovations, you can significantly increase the property's value and appeal, ensuring a solid return on investment. This townhouse is not just a property; it's a strategic investment in a growing market. Seize the chance to capitalize on the demand for rental properties in Park Circle and watch your investment flourish. Don't miss out on this opportunity to create a profitable rental property in a thriving community. Seller requests a minimum deposit of $2,500 and no contingencies.
