5500 Central Street

Rehab in progress with incredible upside! This property was originally purchased with the intent of completing a full renovation with after-repair values supported by nearby comparable homes selling for over $1.2 million. Much of the early heavy lifting has already been started, saving a future owner significant time and expense. Demolition has already been completed, and the project includes architectural drawings for a thoughtfully redesigned layout featuring a modernized floor plan with a primary suite, walk-in closets, and an updated bathroom configuration. Plans also include the addition of a brand new oversized garage, enhancing both functionality and long-term value. Major infrastructure improvements have been completed, including a new sewer line, new water lines, and updated electrical, giving the next owner a strong foundation to complete the project. The original historic windows have been carefully disassembled and rebuilt by a professional window restoration company, featuring updated glass and new pulley systems (they just need to be painted for a cosmetic finish) this approach is commonly used to preserve the charm of historic homes in the area at a cost of about 300 dollars per window. Additional improvements include the walkway which was redone using the original brick, maintaining the historic character of the property. Exterior paint was completed quickly to meet city requirements and will benefit from proper preparation and repainting as part of the final renovation. With significant groundwork already completed and high surrounding values supporting a finished product north of $1.2M, this is a rare opportunity for investors or builders to step in and bring this project across the finish line.