- Updated On:
- March 9, 2023
Exciting investment opportunity in the heart of East Palo Alto, located at the intersection of Bay Rd and Glen Way. This property is a hidden gem in a highly coveted neighborhood, presenting tremendous upside potential for investors seeking to maximize their returns.
The 2-bedroom, 1-bathroom house on this property spans across 780 square feet, with an expansive 5000 square foot lot that is perfect for an additional dwelling unit (ADU) or square footage addition to the existing house. With the current housing market trend, adding square footage to the property or an ADU buildout can significantly increase the overall value of the property.
Whether you’re looking to flip the house or hold it for the long-term, the possibilities are endless with this property. The neighborhood is prime real estate, and flipping the house could fetch a handsome profit in the low 800s. Alternatively, adding square footage or an ADU could potentially yield even greater returns, with potential ARVs reaching the mid 900s.
This property is a probate sale with approval to sell, presenting an excellent opportunity for investors to get their hands on a valuable asset. The closing date is fast approaching on April 7th, 2023, so serious buyers should act quickly to secure this property.
Whether you’re an experienced investor or a first-time buyer looking to invest in the lucrative East Palo Alto market, this property on Bay Rd and Glen Way is the perfect opportunity for you. Don’t miss out on this rare chance to invest in a high-demand neighborhood, and schedule a viewing today to see the potential of this property for yourself.
Resale Value: $900,000+
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