Looking for a unique investment opportunity? This four-bedroom, two-bath fixer-upper in Charleston, WV, could be your next big project!
This brick home, priced at only $50,000, is not just an affordable housing option in Charleston, but also a chance to dive into a substantial real estate investment. Spanning 1,516 square feet, the property features a flexible floor plan that allows for custom renovations catering to your design preferences.
Your Custom Renovation Opportunity
The layout includes vaulted ceilings, arched doorways, and hardwood floors throughout, creating a blank canvas for creativity. Previously, this space accommodated a 2-bedroom, 1-bath basement apartment, which is currently unfinished—an added plus for those envisioning a rental opportunity. The loft area serves as a second bedroom or space for personalized enhancements, increasing flexibility and potential living space.
Location Matters: Revitalizing Neighborhood
Nestled on Odell Ave, this property is situated in a neighborhood undergoing revitalization efforts. Affordable housing in Charleston, WV, attracts investors looking to capitalize on Charleston’s rich cultural history and community development. This evolving local landscape offers multiple businesses and increasing property values, making it a contender for savvy investors in the market.
Pros and Cons of the West Side Neighborhood
Pros:
- More affordable housing compared to other neighborhoods in Charleston.
- Distinctive cultural history and a vibrant community atmosphere.
- Convenient access to downtown and major highways for commuting.
- Initiatives focused on revitalization, leading to new businesses and amenities.
- Established community centers and educational institutions nearby.
- Unique historic homes and charming architecture enriched by character.
- Active neighborhood groups aiming for ongoing community improvement.
- A variety of local eateries and shops.
- Close proximity to Elk River, offering recreational activities.
- Home to Appalachian Power Park, a minor league baseball stadium.
Cons:
- Higher crime rates than other Charleston neighborhoods, which may deter some buyers.
- Certain areas may feature abandoned or deteriorating properties, posing challenges.
- The neighborhood’s reputation could influence property values negatively.
- Fewer upscale amenities compared to neighborhoods such as the East End or South Hills.
- Economic difficulties persist in some sections, particularly concerning unemployment.
- Infrastructure requires updates in some parts.
- Limited grocery options can create food deserts in specific areas.
- Mixed quality in schools, necessitating research based on exact locations.
- Certain urban challenges are typical of Appalachian regions, including drug-related issues.
- Flooding concerns exist in low-lying areas adjacent to the river.
Investment Insights: Why This Property is Worth Considering
Investing in a West Virginia fixer-upper isn’t just about the property's price. It's about the potential return on investment as the city revitalizes its neighborhoods. Consider the flexible layout of this affordable housing option—use the space for your growing family, or open your doors to renters seeking comfortable living conditions in the Charleston area.
The community’s ongoing development signifies a promising future, potentially leading to increases in property values and an upswing in the local economy. With more buyers drawn to areas like Charleston looking for affordability without sacrificing quality of living, your investment now may pay off significantly in the forthcoming years.
Making the Move
If this four-bedroom fixer-upper sounds like the opportunity you've been waiting for, take the next steps! Interested buyers should reach out to The Property Center for more details. Verify the specifics of the property yourself to ensure a satisfactory investment. Don't miss the chance to turn this property into a flourishing home or rental that could contribute to enhancing Charleston’s revitalizing community.
For those looking for fixer-upper properties for sale, this intriguing project provides an excellent entry into the world of property investment. Embrace the challenges and joys of renovation to create your ideal sanctuary in a neighborhood bursting with potential and charm.