This property at 803 Johnson Ave in Silver Spring, MD, is a fixer-upper with significant potential for improvement. It is priced at $250K, and nearby comps suggest a median sold price of $425K, leaving room for a potential profit margin. However, its smaller size (1,170 sqft) and limited lot area may temper the upside. The as-is condition and limited access before settlement indicate higher renovation demands and risks.
To maximize the property's value, focus on essential updates like kitchen and bathroom renovations, and consider adding square footage if feasible to align with larger comps. With a competitive neighborhood market, completing renovations efficiently and pricing strategically will be critical for a profitable flip or sale. Ensure your budget accommodates potential surprises during the renovation process.