Discounted Property in Valley Stream – Huge Upside Potential For Sale

  • $340,000.
  • 4 beds
  • 1 baths
  • 1350 sqft

We currently own this property which we are now selling.

Property is currently a 4 Bedroom, 1 Bath Cape with a full unfinished basement with high ceilings. There is a newer oil burner (Steam heat) (less than 10 years old). Property had the roof replaced within the last 5 years. The entire first floor has hardwood floors and there is a wood burning fireplace.

While this house is structurally sound it does needs a significant rehab including new kitchen and new bath(s), windows and some doors, interior finishes, paint, etc.
Basement, kitchen and bathroom are already demo’d.

ARV value is 495K – 520K once renovated as a 4/1.

The real value is to add a second floor rear dormer with two bedrooms

ARV with the addition of an upstairs bath and a finished basement reach into the mid 500’s to high 500’s

With purchase I will provide completed architectural drawings suitable for submission to building department for permits for a 1700 SF, 4 Bedroom, 2 1/2 Bath, with finished basement with separate entrance. I will also provide a recent property survey.

See these two recent sales that are not even fully renovated:

48 West Euclid, Valley Stream (590K Sold – August 2017)
1439 S/F
4/2

52 Sunset Road, Valley Stream (535K Sold – August 2017)
1290 S/F
3/2

Property sits on a larger lot (71′ x 95′)

Cash Price = $340K or Highest Offer

This property will be delivered VACANT the first week June.

To submit an offer email jcordes@comaxprop.com or I can be reached at 516-286-1477

Price:
$340,000.
Address:
26 Wheeler Avenue
Valley Stream, NY 11580
Square Feet:
1350
Lot Size:
7040 S/F
Bedrooms:
4
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1938
Basement:
Full - Unfinished
Const. Type:
Frame

Call 516-286-1477 for more details

Property Location