$115,000
Active · 0 days on market · MLS# MFRG5114496
| Bedrooms | 2 |
|---|---|
| Bathrooms | 1 |
| Living area | 560 sq ft |
| Lot size | 0.08 acres |
| Year built | 1950 |
| Property type | Single Family Residence |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $1,602 |
| County | Lake |
Investor Special with Huge Potential! This unique property offers a rare opportunity to renovate while utilizing the existing upstairs living space. The upper level features 2 bedrooms, 1 bathroom, a kitchen, and a living area, making it possible to occupy or use while completing renovations below. The lower level sustained flooding during the historic 100-year flood event and will require a complete renovation, making it an ideal project for investors, flippers, or buyers looking to build equity. Originally designed as a garage, the lower level has since been divided into three separate rooms, providing a versatile layout that may accommodate a variety of uses, subject to buyer verification and any applicable permitting requirements. A metal roof adds long-term value and peace of mind. Whether you’re looking for your next flip, rental investment, or value-add project, this property offers incredible upside at an affordable price. Cash purchase required due to the condition of the lower level. Don’t miss this opportunity to bring this property back to life!
Listing courtesy of Jenna Schmidt, EXP REALTY LLC. Presented by MC Homes Realty Inc · 727432218.