Sunday, July 6, 2014 Exclusive: Vacant West Bed-Stuy Fixer-Upper Under $1.5M

New to our new listings website, it's a fixer-upper in Bed-Stuy that you won't (yet) find on your StreetEasy, Zillow, Trulia, NYTimes or MLS.  This 4-story 20' wide fixer-upper is delivered vacant and available for $1.3M.  Located on the 100-block of Macon, it's around the corner from where a similar property at 435 Putnam Avenue just sold for $1.3M cash in a flash.  Marketing can make a big difference in these neighborhoods, as we've seen.  This Macon pre-market property was passed on by Platinum Members because the seller's expectation increased from $1.2M to $1.3M as the possibility of delivering totally vacant materialized.  But we think it's still an interesting play around $1.3M given what else is going on all around it in this market.  Over 20 homes have sold for over $1.3M in the past 6 months within half a mile of this house.  When we toured the property, the interior was nothing special, but certainly better than the darn-near shell that 201 Macdonough Street is.

Solid 2-Family used as a 4-Family that's live-able, but could obviously use some upgrades to optimize.  Trust us, by the time it looks the way you want it to look, it won't cost what you want it to cost.

When a broker brings us a nifty little gem like this and Platinum Members pass on it, but we know there are dozens of folks who'd love to hear about it on or off-market... well, that's what is for.

Pro's:  curb appeal, delivered vacant, totally live-able, rental income potential, pre-market listing, close to Fulton Street, isn't being bid up by the masses or the cash buyers (yet)

Con's:  needs work, not much original detail left, takes a little deep digging to uncover, don't try this on the your usual listing site, full details for HomeCanvasr Premium Members only

Ideally:  looks like a great deal for buyer and seller could mean this thing never even hits the open market

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