This 4plex property near the Y in Huntington, 835 9th Street, is completely gutted all the way down to the subfloor and the studs. This is a total gut and all demo work has already been completed. The studs are still useable and in place. Very few sections of subfloor need replaced due to holes. There is already a contractor I’ve hired with a permit at the property who stated the foundational structure seems to have no issues at all. I also have already secured TOTAL architectural plans. Again, this is a total remodel, so siding, flooring, electrical, plumbing, etc will be needed. Contractor in place estimates 100-150k remodel. Architectural plans allow for four 2 Bedroom, 1 bath units. The entire 4plex is 3043 square feet. This will be a great cash on cash return, I just don’t have 100-150k to sink into the property. This would be perfect for a contractor to buy or someone good with their hands with free time so they could save on a lot of costs by doing it themselves. It is a great location and very quiet street. There is 1 house beside it that could use some updating and cleaning up as well, but no break ins or unsafe issues since I’ve owned the property. The 4plex has never had anyone squatting or vandalizing the home. With a permit, demo work, architectural plans, and contractor in place, this unit is ready to just be remodeled and tenants moved in. Please reach me at 304-654-1173 with any questions.
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