FIX & FLIP • FIX & HOLD • INVESTMENT OPPORTUNITY • FUTURE DEVELOPMENT
Rare opportunity for investors, flippers, and owner-builders in the desirable Riverside Manor neighborhood of Elmsford, within the Town of Greenburgh.
Built in 1937, this single-family home presents a unique opportunity to renovate, reposition, and create significant value. Whether your strategy is Fix & Flip, Fix & Hold, or creating your dream home, this property offers an exciting path for an investor looking for a project with substantial potential.
A major advantage is that the property is enrolled in a federally funded elevation project through FEMA's Hazard Mitigation Grant Program (HMGP Project #4480-0076). $197,000 Federal funding has been approved to raise the structure and elevate the home two feet above the Base Flood Elevation (BFE). The project is expected to be managed through the Town of Greenburgh, with licensed design professionals and contractors overseeing the engineering and construction process.
The existing home features a one-story frame design with crawlspace construction, making it well suited for the planned elevation project. An active National Flood Insurance Program (NFIP) policy with $250,000 in building coverage is currently in place and may be eligible for transfer, subject to applicable requirements.
INVESTOR HIGHLIGHTS
* Fix & Flip potential
* Fix & Hold / rental investment opportunity
* Opportunity to renovate and substantially improve the property
* FEMA-funded elevation project already approved
* Planned elevation 2 feet above BFE
* Town of Greenburgh involvement in the elevation process
* Licensed professionals and contractors to oversee engineering/construction
* Existing $250,000 NFIP building coverage, potentially transferable
* One-story frame construction with crawlspace
* Opportunity to create a modern, future-ready home
* Desirable Riverside Manor location
PRIME LOCATION
Conveniently located near major transportation routes, including I-287, I-87, and the Saw Mill River Parkway, providing convenient access throughout Westchester and the surrounding region. The property is also near the Metro-North Harlem Line, offering access to New York City.
Outdoor recreation is close by, including the Saw Mill River Greenway and Greenburgh Nature Center.
Whether you're an experienced flipper looking for your next project, an investor seeking a long-term hold, or a buyer looking to build and create a customized future-ready home, this is an opportunity worth exploring.
Bring your vision, renovation strategy, and investment plan — the possibilities are significant.