This 605 sq ft 1 bed 1 bath shotgun style house has been cleared out and is ready for a remodel to begin. Once remodeled, this property will make a great little rental.
Benefits!
- It sits on a quiet road and many of the neighbors have nice, updated houses.
- There is an alley behind the property and a nice sized backyard that could be partially converted into parking spaces.
- There’s an empty lot next to the house that does not belong to this property but helps contribute towards the ‘feel’ of a larger sized yard.
- There is a fence around the front and sides of the house that could stay or be removed.
Needs new roof, gutters, siding, floors, and painting, as well as kitchen and bathroom enhancements. Several windows need replaced. The foundation is in good shape and the water heater looks good. There is a furnace, but AC is not hooked up.
The electrical panel and some of the lights have had non-professional work done and will need reworked to be up to code.
(The property had been red-tagged due to sanitation and electrical reasons, but the city of St. Joseph confirmed that the property is no longer red-tagged).
Asking: $15,000
Rehab Estimate: $45,000
ARV: $90,000
Est Rent: $750-800