Federal

**MULTIPLE OFFERS RECEIVED. OFFER DEADLINE 1/8 AT 4:00 PM.** Incredible opportunity to transform a 2-unit home in the Idlewood neighborhood. Located on a well-maintained street, 1108 Meridene Dr is truly a diamond in the rough! Create an income-producing rental property commanding an estimated $2,450 PER MONTH, or live in one unit while using the income from the second unit to defray your mortgage costs. The renovation here has already been started. With your vision and expertise, this home can meet its maximum potential. UNIT 1 encompasses the entire main level and lower level. The main level features a spacious living room, sizable kitchen, full bathroom, and two bedrooms each boasting an abundance of natural light, hardwood floors, and crown moldings. The lower level hosts a large bonus room, third bedroom, additional full bathroom, laundry, and direct access to the large fenced rear yard. Estimated rent post-renovation is $1,350. UNIT 2 is situated on the second level and flaunts a cozy living room, kitchen with upper cabinets already installed, full bathroom, laundry, and two bedrooms each benefiting from natural light, hardwood floors, and crown moldings. Estimated rent post-renovation is $1,100 (see 6127 Chinquapin Pkwy #1 that rented for $1,100 on 10/21/2023). Post-renovation ARV estimated at $246,000+ (see the 2-unit at 1002 Dartmouth Rd that sold for $246,000 on 9/1/2023). This home previously earned a Lead Free Lead Certificate. Add parking in the back to increase the value! Enjoy the current low property tax assessment! If you're a savvy investor or someone with a keen eye for potential, 1108 Meridene Dr is a prime opportunity that you won't want to miss! Schedule a showing today! BGE is off at the property and will not be restored by Seller.