About 714 Union
Discover the potential in this spacious 3-story property offering approximately 2,145 square feet of living space, 4 bedrooms, and 1 full bath, with the possibility of creating up to 6 bedrooms. Full of character and charm, the home features gorgeous architectural details, two decorative fireplaces, and generously sized living areas. A large front porch provides the perfect space for relaxing or gathering with family and friends. The property also includes a detached 4-car garage, offering exceptional storage, workshop, parking, or potential additional use. Whether you’re looking for an investment opportunity, a project property, or a home with room to make it your own, this property offers tremendous potential and plenty of space to bring your vision to life. For investors, the property offers attractive income potential at an estimated rental rate of $1,500/month, producing approximately $18,000 in gross annual rental income or $180,000 over 10 years. Based on the current purchase price of $62,000, projected income after taxes and insurance is approximately $14,983 annually, or $149,830 over 10 years. This represents an estimated 24.2% annual return before maintenance, vacancy, utilities, management, financing, and other operating expenses, with a projected 10-year gain of approximately $87,830 based on these assumptions. With its substantial square footage, potential additional bedrooms, 4-car garage, architectural character, and strong projected rental numbers, this property offers an excellent opportunity for an investor or buyer looking to bring a property with tremendous potential back to life. Property is being sold as-is. Investment figures are estimates based on a projected $1,500/month rental rate and stated tax and insurance figures. Actual rental income, expenses, returns, and future value will vary.
