Description
Fantastic opportunity for an investor or buyer looking for a fixer upper. This three bedroom two- and one-half bath home has a tremendous amount of potential to provide a great return on your investment. For the buyer looking for a fixer upper, it may qualify for an FHA 203K loan. This home is in a very sought after neighborhood located less than a mile from Lake Araina. The bones of the home are solid. A new Roof is scheduled for February 03, 2023. The screens on the pool enclosure need to be replaced. It has been partially painted on the exterior and extra paint if you want to finish with the same color. The water heater is functioning well but is older. The HVAC System is disconnected and needs replacement. There is a detached garage, which was closed in, to create an office. If water and mini split were added it could provide an income opportunity. The owners were in the process of updating bathrooms and replacing tile. This home does not have a dishwasher, but you could add a drawer dishwasher. The refrigerator does not convey with the sale. With some painting, pressure washing and a few lighting and fixture updates, this could be a magnificent home. We have priced this home knowing it will take $60-70K in repairs and updates, it has a potential value $400K+. If you are working with a realtor, have them check RPR for comps.
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3BEDS
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0.29ACRES
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2BATHS
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11/2 BATHS
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2,016SQFT
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$161$/SQFT
School Ratings & Info
Description
Fantastic opportunity for an investor or buyer looking for a fixer upper. This three bedroom two- and one-half bath home has a tremendous amount of potential to provide a great return on your investment. For the buyer looking for a fixer upper, it may qualify for an FHA 203K loan. This home is in a very sought after neighborhood located less than a mile from Lake Araina. The bones of the home are solid. A new Roof is scheduled for February 03, 2023. The screens on the pool enclosure need to be replaced. It has been partially painted on the exterior and extra paint if you want to finish with the same color. The water heater is functioning well but is older. The HVAC System is disconnected and needs replacement. There is a detached garage, which was closed in, to create an office. If water and mini split were added it could provide an income opportunity. The owners were in the process of updating bathrooms and replacing tile. This home does not have a dishwasher, but you could add a drawer dishwasher. The refrigerator does not convey with the sale. With some painting, pressure washing and a few lighting and fixture updates, this could be a magnificent home. We have priced this home knowing it will take $60-70K in repairs and updates, it has a potential value $400K+. If you are working with a realtor, have them check RPR for comps.
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