Property Description

Secure a high-potential asset in the heart of the university district with this 4-bedroom, 2-bathroom residence at 176 E Patterson Ave. Spanning 1,526 square feet, the layout is exceptionally well-suited for student living, featuring a highly coveted first-floor bedroom complete with its own private en suite bathroom. This property is a strategic find for a new investor looking to break into the campus market or a parent seeking a smart housing solution for their university student. While the home needs a bit of TLC, it has been priced competitively to offer incredible value and significant upside potential in a high-demand area.The home benefits from several major recent exterior improvements, including a newer roof and newer decking on the inviting front porch. The outdoor amenities provide a distinct advantage for the neighborhood: a spacious backyard deck for entertaining, a 1-car detached garage, and an additional covered parking spot - a rare and valuable find in the University District. With a current lease in place at $2,200/month through August 1, 2026, this home offers immediate, guaranteed cash flow while providing the perfect opportunity to add sweat equity and maximize future value. Take advantage of this rare chance to acquire a well-located rental with a high-demand floor plan and premium parking in a location that stays in constant demand.

Property Features

Local Schools