This house has tremendous profit potential. Can easily be upgraded to 3 bedrooms.
It is a full-gut project, but much of the hard work has been done. The house has been cleaned-out and gutted to the studs.
It has a new high-efficiency furnace and ductwork, new windows, and most of the electrical work has been replaced.
It needs a new roof, kitchen and bath, new plumbing, finish electrical, some brick work (4′ x 4′ section needs rebuilt, plus new lentil and some patching), clean hardwood floors (or add new if you’d like), new drywall.
Move one wall slightly and you will turn it into a 3-bedroom house for even more profit.
ARV for 2 beds is $175,000. 3 beds approach $200,000 or more.