NOT LISTED FOR SALE
-- Bed
4 Baths
3,915 Sq Ft
0.57 Acres

Last Sold August 03, 2022

Last sale price $400,000 $102 Per Sq Ft

About This Home

As of August 2022

Investors, flippers, and builders take notice! Eight units with excellent curb appeal for just under $450K near downtown Claremont. This once-beautiful brick building experienced a fire, and it has one completely destroyed unit on the top floor. Thankfully, three of the units only received minor water damage, and two units were unaffected (still currently occupied). Bring this building back to its former glory! Don’t miss out on this opportunity, as the owner’s loss is your gain. Some demolition has been completed, and now it needs someone to come in and finish what’s remaining. A few of the kitchens are in good condition, and some units’ tin ceilings are intact. This property has gone through an energy audit in the past, after which ownership air-sealed the envelope of the building, and spray foamed and added insulation. That’s not all: Ten years ago, the owner installed newer heating systems and water tanks throughout the whole building. This is the perfect fixer-upper for someone who is looking to re-build a building with strong potential cash flow. Current fair market rents for this level of rental in Claremont are $1,000 for a one-bedroom and $1,300.00 for a two-bedroom. The possibilities are endless here. showings on Saturday, June 25, 2022.

Last Listed By

Andy Yau

RE/MAX Shoreline Listed on: 08/03/2022

RE/MAX Shoreline

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1819

Lot Details

  • 0.57 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 3,915 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement
  • Interior Basement Entry

Utilities

  • Radiator
  • Heating System Uses Gas
  • Separate Meters
  • 110 Volts
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 8 Units

Listing and Financial Details

  • Tax Block 239

Property Details

Home Type

Apartment

Year Built

Built in 1819

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 102.17
  • Year Built: 1819
  • Remarks Public: Investors, flippers, and builders take notice! Eight units with excellent curb appeal for just under $450K near downtown Claremont. This once-beautiful brick building experienced a fire, and it has one completely destroyed unit on the top floor. Thankfully, three of the units only received minor water damage, and two units were unaffected (still currently occupied). Bring this building back to its former glory! Don’t miss out on this opportunity, as the owner’s loss is your gain. Some demolition has been completed, and now it needs someone to come in and finish what’s remaining. A few of the kitchens are in good condition, and some units’ tin ceilings are intact. This property has gone through an energy audit in the past, after which ownership air-sealed the envelope of the building, and spray foamed and added insulation. That’s not all: Ten years ago, the owner installed newer heating systems and water tanks throughout the whole building. This is the perfect fixer-upper for someone who is looking to re-build a building with strong potential cash flow. Current fair market rents for this level of rental in Claremont are $1,000 for a one-bedroom and $1,300.00 for a two-bedroom. The possibilities are endless here. showings on Saturday, June 25, 2022.
  • List Agent: 283493
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Partially Finished
  • Sq Ft - Apx Finished AG: 3915

Exterior Features

  • Driveway: Gravel
  • Exterior: Brick Veneer, Clapboard
  • Foundation: Brick
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: 100 Amp, 110 Volt, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Radiator
  • Separate Utilities: Yes
  • Utilities: Cable - Available

Schools

  • School District: Clarendon School DIstrict

Lot Info

  • Map: 119
  • Lot: 000
  • Lot Sq Ft: 24829
  • Lot Acres: 0.57
  • Lot Description: Corner
  • Surveyed: Unknown
  • Zoning: CR2
  • Deed Book: 1696
  • Deed Page: 0020
  • Deed Recorded Type: Warranty

Tax Info

  • Taxes TBD: Unknown

Multi Family

  • Total Units: 8
  • Total1 Bedroom Units: 7
  • Total3 Plus Bedroom Units: 1

MLS Schools

  • School District: Clarendon School DIstrict

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2022 08/03/22 Sold $400,000 -10.9% $102 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $449,000 -- $115 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4923838

PrimeMLS