56 Hunt AVE Yonkers, NY 10710
3 Beds
2 Baths
1,700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $400
MLS Listing ID 1039612
Style Traditional
Bedrooms 3
Full Baths 2
HOA Y/N No
Rental Info No
Year Built 1940
Annual Tax Amount $203
Lot Size 2,561 Sqft
Acres 0.0588
Property Sub-Type Single Family Residence
Source onekey2
Property Description
A true “Diamond in the Rough” with tremendous potential for investors, developers, contractors, or buyers looking to create substantial value. Offered at $680,000, 56 Hunt Ave presents a unique opportunity to acquire an existing home together with additional lot space totaling approximately 5,000 square feet.
The existing standing property is approximately 1,700 square feet, including the basement, and requires a full gut renovation. The renovation will include bringing the electrical system up to current code, along with updates such as fresh paint, flooring, doors, windows, kitchen appliances, and other cosmetic and functional improvements.
What truly sets this property apart is the Additional approximately 5,000 square feet of combined lot space that comes with it . It is uncommon to find an opportunity with this amount of land and the potential to renovate the existing home while exploring the possibility of constructing a second family residence on the additional lot space, subject to zoning, permits, approvals, and buyer due diligence.
The property has had only one owner and offers multiple potential avenues for value creation. An investor could renovate and modernize the existing home while simultaneously exploring the development of an additional family residence. Once completed, the two properties could potentially be marketed separately, creating the opportunity for significant equity and return on investment.
The value proposition is clear: acquire, renovate, develop, and maximize the property's potential. With the right vision and execution, this could be an opportunity to recapture the initial investment and potentially generate additional profit, subject to construction costs, market conditions, zoning, approvals, and final resale values.
56 Hunt Ave is not your typical renovation project. It is a rare land-and-development opportunity for a buyer who can see beyond the current condition and recognize the potential.
Offered at $680,000. Buyers are strongly encouraged to conduct their own independent due diligence regarding zoning, buildable area, property lines, permits, approvals, construction feasibility, and development potential.
Location
State NY
County Westchester County
Rooms
Basement Partially Finished
Interior
Interior Features First Floor Bedroom
Heating Oil
Cooling None
Fireplace No
Appliance Gas Oven
Exterior
Parking Features Attached
Garage Spaces 1.0
Utilities Available Electricity Available
Garage true
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Asbestos
Schools
Elementary Schools Yonkers (School Choice)
Middle Schools Yonkers (School Choice)
High Schools Yonkers
School District Yonkers
Others
Senior Community No
Special Listing Condition None
