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Updated over 12 years ago, 06/30/2012

User Stats

54
Posts
12
Votes
Michael S.
  • Rental Property Investor
  • Dayton, OH
12
Votes |
54
Posts

First Flip, Question about Odd Layout

Michael S.
  • Rental Property Investor
  • Dayton, OH
Posted

I've grown a little tired of wholesaling and I'm ready to give rehabbing a try. I have a 3bed/2bath brick ranch in a good area under contract and am set to close soon. I got it at 70k, ARV is around 155k -- will be putting 35k or so into it. There are some structure issues which I will be fixing for around 6-7k, but my real problem is this:

http://gis.co.greene.oh.us/website/gis/parcels/sketchinit.htm?h_pid1=B42000400110011000&h_pid2=&h_criteria=sketch

As you can see on the sketch, there was a 2 car garage added directly behind the attached 2 car garage, with the garage door facing the backyard. This new 2 car garage was put on a while ago and is essentially attached the first one (have to look close to see this was an addition. Unfortunately, it would be very difficult to even access this garage even if you wanted to as you would have to drive through the grass on the side of the grass. I would need to put quite a bit of dirt in front of the garage door to make it level anyway. You wouldnt be able to drive through the first garage into the second because the 2nd garage is a few feet lower than the first.

I'm trying to figure out what to do with this extra garage. Should I keep it like it is? Make it accessible as a garage? Turn it into a room (no heating/air).

By the way, the area in between the 2 garages is just a narrow hallway. Keep in mind the brick from the original back of the house is now the back of the additional 2 car garage.

Any ideas would be much appreciated!!

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