Diamond in the Rough | Investor & Developer Opportunity | 56 Hunt Ave | $599,99 A true "Diamond in the Rough" with tremendous potential for investors, developers, contractors, or buyers looking to create substantial value. Offered at $599,999, 56 Hunt Ave presents a unique opportunity to acquire an existing home together with additional lot space totaling approximately 5,000 square feet.
The existing standing property is approximately 1,700 square feet, including the basement, and requires a full gut renovation. The renovation will include bringing the electrical system up to current code, along with updates such as fresh paint, flooring, doors, windows, kitchen appliances, and other cosmetic and functional improvements.
What truly sets this property apart is the Additional approximately 5,000 square feet of combined lot space that comes with it . It is uncommon to find an opportunity with this amount of land and the potential to renovate the existing home while exploring the possibility of constructing a second family residence on the additional lot space, subject to zoning, permits, approvals, and buyer due diligence.
The property has had only one owner and offers multiple potential avenues for value creation. An investor could renovate and modernize the existing home while simultaneously exploring the development of an additional family residence. Once completed, the two properties could potentially be marketed separately, creating the opportunity for significant equity and return on investment.
The value proposition is clear: acquire, renovate, develop, and maximize the property's potential. With the right vision and execution, this could be an opportunity to recapture the initial investment and potentially generate additional profit, subject to construction costs, market conditions, zoning, approvals, and final resale values.
56 Hunt Ave is not your typical renovation project. It is a rare land-and-development opportunity for a buyer who can see beyond the current condition and recognize the potential. Offered at $599,999. Buyers are strongly encouraged to conduct their own independent due diligence regarding zoning, buildable area, property lines, permits, approvals, construction feasibility, and development potential.
