This 2-bed, 1-bath ranch home in Springfield's Boston Road neighborhood offers good flip potential. Built in 1954, it's recently listed at $235,000 ($226/sqft), below the area's median of $272,400. The property features updates like a remodeled bathroom, new kitchen appliances, and luxury vinyl flooring. Its corner lot location and partial fencing add curb appeal.
Consider a moderate renovation to boost value. Adding a bedroom and bathroom could increase the valuation to around $274,000, a 16.6% gain. Focus on enhancing the existing open floor plan, upgrading finishes, and potentially finishing any unfinished space. The strong local market, with homes selling above list price in 32 days on average, suggests good potential for a profitable flip.