Outstanding CASH FLOW opportunity with long term buy and hold appreciation potential for a .47acre lot in Providence Park where two most recent "lot sales" were $472k in Jan 2018 and $545k plus demo costs in Mar 2018. Property can fetch $2500 per month in rent as-is, or be modified to 2 apartments with potential rent of $3000 plus per month. No HOA to eat into profits. With an effectively young home via a nearly complete renovation to the studs, very little cash expenditure has to be allocated towards M&R or Capital Expenditures. Without a property management fee, this home can generate cash flow for significant time until such time you want to raze the home and build a $1.7M dollar plus home. Excellent 1031 opportunity.
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|Middle School:||Alexander Graham|
|High School:||Myers Park|
|Virtual Tour:||Click here|
|Listing Courtesy Of:||RE/MAX Executive|
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