Attention investors, flippers, builders, developers, and contractors! Are you up to the challenge of transforming this humble shack into a multi-million dollar mansion? A quaint 610 square foot, 1 bedroom, 1 bath bungalow, with "potential, possibilities, and profit" written all over it. A true "fixer upper" property, you can either tear it down to start fresh on a blank canvas with new construction, or expand off the cozy cottage: turning a 1/1 into a more livable 4/2. Or build an entirely new home in front of the existing structure, but preserve the current unit and call it an ADU / granny flat. The 5,500 square foot parcel, with a 60% lot coverage ratio, and 45 foot height limit, means multi-family development is an option. Duplex? Fourplex? or more? This is LITERALLY the only single-family home in all of Redwood City under a million dollars. ARV could be 3x buy price. Offers due Wednesday. Due to condition, cash, hard money / private money, or construction loans are your best bet.
Realtor®, CRS, CLHMS, CLHMS Guild, GRI, and Global Luxury Specialist
When it comes to choosing a real estate professional to help you with your home buying or selling needs, only the very best representation is good enough. That's why it's so important to choose someone who has a strong pulse of your local market and the experience, skill and resources to back it up.
Let's Connect581 University Ave. Palo Alto, CA 94301
