Duplex Conversion Opportunity | 1,846 SF Value-Add Property | $25K | Fire Damage

This 2-bedroom, 2-bath concrete block home offers 1,036 sq ft of living space (1,216 sq ft total under rThis 1,846 sq ft property (plus basement) offers a unique value-add opportunity with existing R-2 zoning and a layout that naturally supports duplex conversion. Originally built in 1915 and currently configured as a 4-bedroom, 2-bath single-family home, the property was previously laid out as a larger 5–6 bedroom structure, making reconfiguration into two units straightforward from both a zoning and footprint perspective.

A small, contained fire impacted the rear portion of the property; however, electrical has already been repaired to city code, and the remaining scope is manageable within a full renovation plan.

Offered at $25,000 (Cash or hard money only).

Investment Highlights

• R-2 zoning with two existing addresses — supports duplex conversion
• Large 1,846 SF footprint (roughly 2x surrounding homes)
• Natural split layout: front (3–4 bed) + rear (2/1 unit)
• Roof replaced in 2015 — no full replacement required
• Electrical updated post-fire to city code
• Functional plumbing reported
• Basement adds storage and potential utility value
• Clear value-add through reconfiguration + full renovation

Property Breakdown (Proposed Duplex Layout)

Front Unit (Larger Section)
• 3–4 Bedrooms / 1 Bathroom
• Rectangular layout with large living area
• Additional room/closet easily converted to 4th bedroom

Rear Unit (Smaller Section)
• 2 Bedrooms / 1 Bathroom
• Square footprint with efficient layout
• Fire-impacted area (primary rehab focus)

Rehab Scope Summary (Estimated)

• Fire restoration: rear framing, drywall, window replacement, roof patch
• Full interior renovation: kitchens, baths, flooring, paint, fixtures
• Smoke remediation throughout
• Duplex conversion: demising walls, separate meters, egress compliance
• HVAC: verify age; likely replacement on both sides

📊 Comparable Sales (Immediate Area)

5242 Mimika Ave | 2 / 1 | 925 SF | ~$55,000
Direct next-door comp. Establishes ~$55K per unit baseline.

6120 Garesche Ave | 4 / 2 | 2,106 SF | ~$145,000
Top-end single-family comp for size ceiling.

6100 Garesche Ave | 3 / 2.5 | 1,456 SF | ~$105,000
Mid-tier renovated benchmark in pocket.

(Note: No fully renovated duplex comps nearby — valuation derived from per-unit + size premium.)

💰 ARV & Rental Outlook (Duplex Strategy)

Estimated ARV: $140,000 – $160,000 +/-
Projected Rent: $850 – $950 per side ($1,700 – $1,900/month total)

Exit Strategies

• Duplex conversion + full renovation → maximize ARV
• Buy-and-hold cash-flow rental (~1.5%+ potential monthly return)
• Wholetail or partial conversion depending on capital constraints

📞 Call/Text: 321-436-4911
📧 Email: fosteralgier@gmail.com
🌐 Website: FACSold.com