Today in house sadness, a formerly dilapidated three-story house on Treat Avenue in the Mission was fully fixed up by some new owners in the last couple years, and it's now selling for more than eight times what they bought it for in 2012. As Curbed reports, via this new listing on Redfin, it's a three-unit building that's being sold all together as a potential "family compound" for $5.9 million. That's $5.2 million more than it sale price three years ago, which was $735,000. (Despite its problems it actually sold for well over its asking price of $570,000.)
The place has gotten some considerably upgrades, though. The top floor penthouse unit is bi-level with four bedrooms and two patios. The kitchens and bathrooms are all modernized with top-notch appliances. Where there was once just a dirt pit in the backyard there's now a sunken, poured-concrete entertaining area and a lawn and garden.
It could make for a very nice compound, indeed, with a middle unit that's got three bedrooms and yard access, and a two-bedroom garden flat attached to that patio entertaining area. It could also make for a sweet income property for someone who wants to live in the top unit and rent out the other two but flipping them as TICs could also be an option.
And to the people who flipped this thing in the first place, nice jackpot you've got there.