12033 Hanley a very fixer in Alta Sierra, listed for $299,000 bank owned, potential for 2 units

This home fits the pattern of bank owned homes. There is a large amount of differed maintenance on the exterior, including decks that have rotted out, bad spots on the siding, and a questionable roof. Inside the home needs a total gut and rehabilitation, carpets and point, new fixtures and appliance, new bathrooms, and doors and windows all need upgrading or repair. With all that damage, what’s the upside? The upside is the size, 2626 square feet, and the floor plan, with three bedrooms and two generous living rooms, and kitchen upstairs, there is a an entire separate unit downstairs, with a kitchen, bar room, bedroom, and two bathrooms. It has the potential to be a completely separate unit. The upstairs could rent for $1600, the downstairs might rent for $1200. for the contractor/investor this home has some real potential. It could easily sell for over $500,000 when it is completed and updated.

Author: gordon

Nevada County Resident since 1988. Painting and Decorating Contractor 1985-2003 Nevada County Realtor Since 2004 Member of the Nevada County Masters Club (top producing agent) Every Year Since 2004

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