This multi-family property in St. Albans, Queens has moderate flip potential. Built in 1950, it offers 6 beds and 3 baths across 2 units on a generous 8,300 sq ft lot. The current valuation of $880K is significantly higher than its last sold price of $310K in 2020, indicating substantial appreciation.
Consider a strategic renovation to maximize value. Focus on modernizing kitchens and bathrooms while preserving the colonial charm. Adding a bedroom or bath could boost value by 7-8% based on comps. However, be cautious of over-improving for the neighborhood, where the median listing price is $759K.