Property Description:
This 1949 home sits on a spacious .36-acre lot, and could be a great investment opportunity, especially given how few properties are available in the area right now. The previous owners took good care of the basics – they put on a new roof, installed new windows, and updated all the major systems in the last five years. The AC and water heater are both less than three years old, which is a big plus for anyone planning to renovate.
The house did get some flood damage in the recent hurricane, and the city has marked it as “substantially damaged.” But don’t let that scare you off – the bones of the house are still good. The plumbing works fine, and while the electrical needs some work, it’s mostly just replacing outlets (except in the kitchen). The tile floors throughout are still in good shape, though you’ll need to replace the drywall and completely redo the kitchen and bathrooms.
Here’s what makes this interesting: a similar house right next door sold for $219 per square foot after being fixed up. Yes, you’ll need to deal with some code violations and put in some work, but there’s real potential here. And since there’s never been any insurance claims or FEMA involvement, you won’t have to deal with that headache. Just know that this is being sold as-is – you’ll be responsible for clearing out the remaining debris and bringing everything up to code.