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1538 N 17Th St

By Owner
OMAHA, NE, 68110
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Property Description

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3 Bedrooms

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1.0 Baths

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1,194 SQ FT

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0.12 Acres

$94,000

About this home

Unveiling this potential-filled haven on a substantial 0.12 acre lot that presents investors with an intriguing opportunity. With beautiful interiors, hidden treasures, bright potential and a favorable location, this 3-bedroom home waits for visionaries' touch to foster its new life. Delve into this project and breathe new life into the property knowing there is strong potential to increase value. Despite the exterior's rough appearance, the interior tells a different story of charm and potential. From the quartz countertops to the higher ceilings, each room within the house holds a touch of character waiting to be refreshed. The main level offers generous living spaces and room for imagination, equipped with refrigerator and washer and dryer hook-ups for practical living. The cozy kitchen offers plenty of space for culinary creativity and boasts a timeless aesthetic amplified by the rich woodwork around the house. Venture to the upper level and discover a dormer area with promise of transformation. Emanating potential, this room could become a charming fourth bedroom or an office, subject to your imaginative vision and creativity. Additionally, the basement opens up possibilities for functional expansion, with space to upcycle into an extra living area or conforming bedrooms. Outdoors, the fenced backyard becomes your canvas, offering ample space for landscaping or recreation, appealing to growing families or pet owners. This house is strategically located with alley access and potential for a gate on the west side, increasing the property’s intriguing allure. Having been a lucrative rental property for several years, this property exudes a promise of a solid return on investment, presenting a rental income history of $1,375 per month. Should you decide to add value with a cosmetic lift, the potential ARV sits attractively between $150,000 and $165,000. Planned maintenance is hassle-free, as the plumbing and electrical systems are in good shape with no known major repairs. Mostly, exterior siding, window repair, and drywall repair surfacing as the most significant needs, paired with a fresh layer of paint. Whether you're a seasoned investor looking to diversify your portfolio, or a newcomer to the property ladder, this project offers an appealing entry point to the market. Here, your vision will shape this diamond in the rough into a polished jewel in your property portfolio.

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