201 N GREENWAY AVENUE

BOYCE, VA 22620

This Cape Cod-style residential property, built in 1951, presents a compelling investment opportunity for those looking to capitalize on a major rehab project. Situated on a generous 0.31-acre corner lot, the property offers ample space for potential expansion or landscaping enhancements, which can significantly increase its market value. The structure is a detached home featuring three bedrooms and one full bathroom, making it suitable for various rental strategies or resale options. The existing hardwood flooring and a charming brick fireplace add character, while the daylight full basement provides additional square footage that can be transformed into living space, a rental unit (with direct outside access), or storage, further enhancing the property's income potential. Investors will appreciate the opportunity to modernize the home, as it requires major rehabilitation. The roof was replaced within last 2 years and updates/repairs made as needed. This allows for customization to meet current market demands, potentially increasing rental income or resale value. The property includes on-site and driveway parking, which is a valuable feature in residential markets, ensuring convenience for future tenants or buyers. The corner lot location not only provides visibility but also offers potential for additional landscaping or outdoor amenities, which can enhance curb appeal and attract higher offers. With no homeowners association fees or restrictive covenants, investors have the freedom to implement their vision without additional costs or limitations. The property's location, combined with its potential for significant improvements, positions it as a strong candidate for both short-term and long-term investment strategies. In summary, this property offers a unique opportunity for investors to acquire a Cape Cod home with substantial potential for appreciation through renovation and strategic enhancements. The combination of a desirable lot size, existing structural features, and the ability to create additional living space makes this an attractive investment in today's real estate market.

Listing courtesy of Realty ONE Group Old Towne



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.