15 Governor Street

About Property

This property is being sold "as-is, where-is" and is already zoned for a two-family conversion. The electrical system has been updated to support the conversion, but renovations are still needed. These include installing pipe fittings for the heating system on the second floor, trim work, countertops, cosmetic updates, window repairs, and siding repairs. This is an excellent investment opportunity with an after-renovation value (ARV) of $340,000. The property can be sold in its current condition or remodeled to reach its full ARV potential. Cash buyers or renovation loans are preferred, as the property won't qualify for FHA financing unless it's through a 203K loan. Currently zoned as a single-family home, it offers flexibility for either single or two-family use, with zoning approvals already in place for the conversion
Listed by Executive Real Estate Inc., Amy Rio. Data sourced from SmartMLS