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Updated about 7 years ago on . Most recent reply

User Stats

2
Posts
0
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Emanuel Washington
  • Homeowner
  • Knoxville, TN
0
Votes |
2
Posts

Turn Profit with Garage/Land Property

Emanuel Washington
  • Homeowner
  • Knoxville, TN
Posted

I purchased a Tax Lien Certificate Mar. 2017 and now I'm the not so proud owner of a Corner lot with a slightly run down garage build on it.  The garage has a single bay one car wide about 2 cars deep and a 1.5 wide workshop area separated by a wall.  Also there's a small amount of storage in the attic.

Does anyone have suggestions how to make a profit from this acquisition.  There was one bidder countering me, so someone had an idea about this place.  Currently the property is for sale, but not much interest after two months.  I've considered fixing up the garage and renting it out.  I also like to idea of building an apartment on the land, but I'm not sure the zoning or costs involved. Ideas?

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