The original masonry home and addition is 2400+ square feet with a total of 5000+ SF under one standing seam metal roof that was recently installed. The zoning on this is R-6 residential but the building has not been used as a residence since the 1950's when it was Woodlawn Hospital serving the Beacon Hill community. After, it was a free clinic, church, day school or day care, etc. We see no reason the building cannot be re-zoned for commercial use. However, a person with vision can also transform this space into a great co-living space, assisted living, homeschool co-op or small community school, multi-family living, or multi-generational home. The bottom-dollar price makes this well within reach of outstanding cash-flow as an investment depending on your vision. The main structure has 11-12 foot ceilings so your modern high-ceiling, open concept floorplan would work perfect for a large home, co-living, or multifamily. The main structure and add-on is a very solid starting point to make your own floorplan. Its an open canvas. Bring your non-profit mission or church here as well. Tons of opportunity waiting. Comparables to this building in similar condition sold for $350k plus. ARV ranges from $450k-$650k depending on conversion, purpose, and level. First outright offer with the least contingencies will be able to purchase this building. The seller is motivated but not desperate! No low-ball offers at the listing price.
Sold
Zillow last checked:
Listing updated:
Source: LERA MLS,MLS#: 1763099
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | -- |
Source:  LERA MLS #1763099 Report a problem | ||
| 4/7/2024 | Pending sale | $225,000$42/sqft |
Source: LERA MLS #1763099 Report a problem | ||
| 4/1/2024 | Listed for sale | $225,000+181.3%$42/sqft |
Source: LERA MLS #1763099 Report a problem | ||
| 12/11/2009 | Listing removed | $80,000$15/sqft |
Source: Belmares Properties, L.L.C. #804450 Report a problem | ||
| 10/15/2009 | Listed for sale | $80,000$15/sqft |
Source: Belmares Properties, L.L.C. #804450 Report a problem | ||
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Estimated market value
$462,600
