About 1112 E Sanger St
VALUE-ADD OPPORTUNITY IN NORTHWOOD! — This charming 3-bedroom, 1.5-bath end-of-row townhouse presents an exciting opportunity for both investors and owner-occupants looking to build equity through renovation. The home offers approximately 1,280 square feet, a traditional layout, hardwood and vinyl flooring, exposed beams and rear yard.
The property is being offered in its current condition, providing a clean slate for a buyer ready to make improvements and create value. The unfinished basement offers additional storage and future potential, while the end-of-row location and rear yard provide added appeal. On-street parking and convenient access to public transportation further enhance the property's practicality.
For the owner-occupant, this may be an opportunity to purchase at an attractive entry price and use a renovation financing option such as FHA 203(k), subject to lender approval and property/borrower qualification, to finance eligible improvements. Rather than paying a premium for someone else's renovations, a qualified buyer may have the opportunity to customize the home while building equity through improvements.
For the investor, the combination of a $160,000 purchase price, quick possession, three bedrooms, and renovation potential creates an opportunity to evaluate a buy-and-hold rental or resale strategy. Renovated properties of this type may support rental income in the approximately $1,500–$1,700/month range, depending on the quality of improvements and prevailing market conditions. Buyers should perform their own due diligence regarding rents, renovation costs, financing, permits, taxes, insurance, and projected returns.
Bring your contractor, lender, and investment numbers and explore the possibilities. Whether you're looking to create your own home or add a value-producing property to your portfolio, 1112 E Sanger St offers the opportunity to purchase below the price point of a fully renovated home and create value through improvements.
Sold as-is. Cash and qualified renovation-financing buyers welcome.
