Bloomfield Investor Special! Less Than $100K!
Attention investors. This is the best value in Bloomfield right now. It may be the last time you can get a property in this part of town for less than $100,000.
After repair value EASILY of $175,000, probably more like $200,000. You have options… give it a makeover and rent it out for a few years while the area skyrockets, or flip it right now for big profits.
Booming city neighborhood in the HOT East End. 1 block from Children’s Hospital. Short walk to restaurants and shopping on Liberty Ave and on Penn Ave. Much cheaper than nearby Lawrenceville and Friendship neighborhoods. Forget overpriced Lawrenceville. Get in early on Bloomfield!!!
Property features large room sizes and private back yard space in the city! 3rd floor has electric and heat. Structurally sound. Most windows are newer. New hot water heater.
If you are really aggressive, you can try to purchase the vacant lot at 4445 Howley Street (MLS #1024413) and turn it into a large yard and off street parking. This would boost the value through the roof!
Repairs: to use as a rental – $10K-$15K, for a flip – $40K-$50K
Taxes: approx. $1,550/year
Rent: 1200-1500/month estimated
4541 Carroll sold for $198k 5/14/15 – completely updated/renovated. Sold for $118/square foot
4536 Carroll sold for $148k 3/13/15 after 1 day on market for $8000 above list price! Only semi-updated.
223 Taylor sold for $123k 1/13/15 after 9 days on market with tenant in place. No interior pictures on MLS.
Call 412-212-7376 ext. 804.