Description

MULTI-UNIT Investment Opportunity in Historic Downtown Warrenton: Welcome to a renovator's dream and an investor's delight! This unique multi-unit property features two income-producing units and a large historical home, affectionately known as ''The Shoemaker Home, '' circa 1900. Located in the charming Historical Downtown Warrenton district, this property is surrounded by the town's rich history, local eateries, breweries, and picturesque streets lined with other beautiful historic homes. THE MAIN HOUSE: Originally owned by the town shoemaker and his dressmaker wife, this grand home boasts approximately 2, 584 sq. ft. and offers a flexible floor plan ready for your vision. The current layout accommodates a 3-bedroom 2 bath floorplan, living room, kitchen, family room, and bonus room floor plan, with the option to convert the bonus room into a 4th bedroom. Built in circa 1800 and expanded circa 1900, the house is now down to the studs, making it easy to install and work on plumbing and electrical systems saving you time and money on demolition. This home is ready for a full restoration, promising a blend of historical charm and modern amenities once completed. CARRIAGE HOUSE and MOBILE HOME The property includes a 1-bedroom, 1-bath carriage house with approximately 675 sq. ft. (or 810+/- sq. ft. of space, including upper-level rooms), currently renting at $850 per month. This space could serve as a rental income unit or after the lease expires, it could be a home office or a studio while you restore the main house. Additionally, a 2-bedroom, 1-bath single-wide mobile home facing Front St., approximately 612 sq. ft., rents for $950 per month, providing another source of steady income. Investment Potential This property offers significant investment potential, appealing to both history enthusiasts and savvy investors. With the main house stripped to the bones, you can quickly start your renovation project and bring this historical gem back to its former glory. The rental units provide immediate income, helping to offset restoration costs and offering flexibility during the renovation process. PARKING: There is a shared driveway for all of the units off of Front St. There is a permit for an optional driveway to the left of the Shoemaker House Another idea is to keep the parking as it is and you could turn the optional driveway space into a gorgeous private garden oasis. NOTE: The driveway to the right of the Shoemaker House belongs to the neighbor and is marked with 213. Out of respect for the neighbor we ask guest mot to park here. Don't miss out on this rare opportunity to own a piece of Warrenton's history while capitalizing on its investment potential. Schedule a viewing today and imagine the possibilities! Note: Second bath for main home is not on floorplan because it is assumed the new buyer will install it in one of the existing larger rooms. The bathroom count advertised is illustrative of potential. SCROLL TO THE END OF PICS TO SEE FLOORPLANS WITH SUGGESTED ROOMS

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Listed by: James Hutson