The Flip Potential of
1020 Richmond Rd Staten Island, NY 10304 is medium.

This Staten Island multi-family property has intriguing potential. With 7 beds, 3 baths, and 3,692 sqft on a generous 8,479 sqft lot, it's got space to work with. Built in 1899, it likely needs updates, but that's where the opportunity lies. The $499K list price seems reasonable, especially considering the comps suggest a valuation around $575K-$587K post-improvements.

Consider pursuing this flip, but tread carefully. Focus on modernizing kitchens and baths while preserving any charming period features. The East Shore location is solid, and multi-family properties can be attractive to investors. However, be prepared for potential challenges with an older building. Get thorough inspections and accurate renovation cost estimates before committing.