Are you ready to roll up your sleeves and take on a fixer-upper project? Look no further than this turn of the century home in Rhode Island. With its rich history and potential for restoration, this property is just waiting for the right buyer to bring it back to its original glory.
Owned by the same family for nearly half a century, this home is now seeking a conventional buyer who shares their passion for preserving its charm. Featuring hardwood flooring throughout, the property also benefits from modern amenities like Verizon Fios and Dish Satellite TV, already installed for your convenience.
To ensure a smooth transition, the seller has committed to installing a new oil-fired steam boiler before closing for any conventionally financed buyer who offers an agreeable price. With a 100 Amp Fuses electrical system, some updates may be necessary, but the opportunity to transform this property into a dream home is well worth it.
One of the major renovation needs is the replacement of all the windows, as they are currently wood-framed and potentially pose a lead paint hazard. This makes the property ineligible for anything other than conventional financing or a cash purchase. However, with these updates, the after-rehab value of the home is estimated to be between $375,000 and $400,000.
Fortunately, some recent improvements have already been made, such as a new 6-month-old hot water heater and a three-year-old small flat roof. Once the heat is installed in all rooms, the house will be considered a five-bedroom property, although the tax record currently lists it as a three-bedroom.
This fixer-upper presents an excellent opportunity for a buyer with vision and the willingness to put in some elbow grease. With an estimated $75,000 worth of renovations needed, this project allows you to remodel the home to your liking and build equity along the way.
Imagine the satisfaction of transforming this property into a stunning piece of history while preserving its original character. Whether you’re an experienced renovator or a first-time buyer looking for a unique project, this Rhode Island fixer-upper is a chance to make your mark on a piece of local heritage.
Don’t miss out on this incredible opportunity. Take a step back in time and turn this century-old house into your dream home. With a little imagination and hard work, you can create a space that reflects your personal style and becomes a source of pride for generations to come.
35 Union Street, Woonsocket, RI 02895