This is a great rental property, directly across the street from King College. The attic could add 2 more rooms with minimal work. You could do the same with the basement just a little more work. It is turnkey and could be rented for 1500 right now. If you fully finish the attic and basement it could rent for up to $2500. This is a great rental play for any investor in the Tri Cities area.
ARV – The Average Price per Square Ft. is $100 in the neighborhood. With this house having 3k sq ft unfinished, the possibilities are endless. The attic can be finished for less than 10k, adding two bedrooms and 1500 sq ft. I would also add a bathroom up there attached to the master. So with 15-20k reno this property becomes a 3000 sq ft. (finished) 5/2 in a great neighborhood. You can see King college from the window. There is also a decent sized backyard. If you added another 20k to the basement, as well as the attic, you could have a 7 bedroom, 2 ½ bath at 4500 sq ft. This would cost a total of 35-45k in rehab. It is turnkey at 1500 sq ft. and is worth 150k on the market.
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