Nestled on coveted Brook Rd, 1320 Brook Rd stands as a beacon of potential in the heart of Plaza Midwood. Surrounded by million-dollar homes, this 1949 full brick cottage priced at $445k presents an exciting opportunity for savvy investors and home renovators alike.
Historically known as Plaza Hills, this part of Plaza Midwood was once a haven for local mill workers and their families. However, with developments like nearby Cramer Pond, Plaza Hills has evolved into a hub of luxury new construction.
Yet, amidst this transformation, 1320 Brook Rd remains a diamond in the rough, waiting to be polished to its full potential. An ideal starter renovation project with a brand new HVAC system, perfect for those new to flipping houses, offering manageable size and potential.
At first glance, this 2 bed, 1 bath cottage may seem like just another fixer-upper. However, the real twist lies in its 500 square foot detached guest house. Currently generating $1k a month in rental income, this guest house offers a unique opportunity for buyers to offset their mortgage while flipping the main residence.
Picture transforming the main house into a charming cottage straight out of a Nancy Meyers film, while later revamping the guest house into a sleek and modern Airbnb money-making machine. The possibilities are endless, and the potential for profit down the road is substantial.
In a neighborhood where entry-level homes are becoming scarce, preserving these small historic gems like 1320 Brook Rd is paramount.
This property not only offers a chance to breathe new life into a piece of Plaza Midwood's history but also provides an entry point for first-time homeowners eager to join Charlotte's coolest neighborhood.
Don't miss out on this exceptional opportunity to make your mark in Plaza Midwood. With a little vision and a lot of TLC, 1320 Brook Rd has the potential to become the crown jewel of this thriving neighborhood
Revive, Rent Out, or Redesign: Intrigued by this Plaza Midwood Cottage + Guest House? This property is currently listed with Amy Tritt at Savvy + Co Real Estate. Click the link below or call 704-574-9869 to inquire about this enticing investment.
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