Property Description:
Great Investment Opportunity. ARV $180,000 as Single Family $350 - $400,000 as Multi-Family Full Rehab Needed - Repair Estimate $75,000 as Single Family - 1682 sq ft, 4 bedroom. Leave basement and gym unfinished.$150,000 as Multi Family 5756 sq ft. (1-4 bedroom, 3-3 bedroom). Each apartment would be about 1,400 sq ft. Rents in Grundy Center4 Bedroom - $1000 - $1300 / month3 Bedroom - $850 - $1000 / monthThis is a great opportunity as an income property. The basement was built 1/2 above ground and has legal windows around the perimeter. Currently a single family, 4 bedroom, 2 bath upstairs and 2 - 2 bedroom apartments downstairs. The 46 x 26 portion of the house was never finished and served a the kids gym. Will need a new roof. There is a leak into the master bedroom between the main house and the gym. There is mold about 3x8 ft towards the front of the house and 2x4 on the back 1st floor. Some mold on the front basement below the main leak on the first floor. The deck on the front should be replaced. Some broken windows, all windows original. The gym will need a floor between the basement and upper story. The furnace for the main house works, but is original. The one for the basement stopped working causing pipes to burst in one apartment. The drywall was removed and there appears to be no mold. There are two central air conditioners, both do no work. Everything else is just outdated.