3411 Magrath Street

Description

This spacious 3br/1.5bath brick home within 2 blocks of Prisma Health Hospital is also zoned C-1 and is commercial (grandfathered) though it is a single family rental home--as are all the properties on this side of the street. Home has hardwood floors, a fireplace in dining room, a living room and the large addition is currently used as a den and houses the laundry room. There is privacy fence in back and chain link in front. Needs new roof, and though current hvac functions well, it will need to be replaced at some point also. SECTION 8 tenants are wonderful, lease expires end of December 2023, and currently only pay $950/month but this home could definitely bring in $1500/month with some updates. Some of the little apartments across the street are Airbnbs and have travel nurses nearly year round. Magrath Street has residents of many, many years and is a nice little spot, with friendly neighbors who have known each other for decades. House does need work, but this area has rehab projects in many of the houses and with its proximity to Bull Street Development, Fireflies Stadium, Prisma Hospital, and North Main/Main Street district, this property is ideal for holding onto, as the values continue to increase. 29203 is one of the fastest-appreciating areas in town and this spot is in the middle of that upward trend. There is an adjoining lot (11504-18-04) that must be purchased with this parcel, as a portion of the house/fence line is tied to this small parcel. MORE PICS COMING!