Contract assignment. 49k.
Rare opportunity to own this beautiful Victorian vacation home. Charming home in Painter could be your opportunity to make a home for your family vacations or AirBNB and build equity with fast!! The Eastern shore is a popular destination vacation for Maryland residents. Could easily be used as a short term AirBNB rental.
This c.1910 house is not your average fixer upper. With over 2100 square Feet of finished space, a great floor plan, a nice original features it could be a gracious family home. Note the original built in corner cupboard, the unique balusters on the stairs, and the doors and Victorian moldings. Some of the heavy lifting has been done.Its currently 2 bedrooms but has the space for 3. Most exterior walls have been insulated, Concrete block foundation. Half bath with first floor laundry room. The deep lot has mature trees and a 32’x20′ garage workshop.
AirBNB rates 187-$280 per day!!!
occupancy 77%
average monthly rental $5503
Neighborhood Median Price $254,500.
Home is currently valued at $71,000 and is occupied. With minimal renovations home could be worth 150k for vacation home or Air BNB.
Similar homes with FULL renovation ( 100K reno) are selling between 270k-350k for Flip potential.
Call Kelly today for more info 804-741-5995
Nearby town of Wachapreague has a well-deserved reputation as a flounder or “fluke” hot spot. Fishermen from throughout the Mid-Atlantic travel to Wachapreague on Virginia’s Eastern Shore each year to enjoy productive flounder fishing. Painter County on Virginia’s Eastern Shore, is 75 miles south of Ocean City, Maryland.
https://www.virginia.org/cities/Painter/