Cash or hard money buyers only. This property will not pass a Fannie Mae, Freddie Mac, FHA, VA, or USDA appraisal, so retail financing is not an option. At $220,000, you get a three-asset package on 2.71 acres: a 3-bedroom, 1.1-bath, 2-liv area ranch home (approx. 1,846 sq ft), a 1,200 sq ft detached shop, and a mobile home in good overall condition. The main house has character worth preserving: brick accent walls in the living room, a sunken family room with exposed wood-beam ceiling and fireplace, and a kitchen that has already been partially updated with stainless appliances, granite counters, and an island. The attached garage has been converted to living space; the mechanical elements remain in place for a buyer who wants to restore it. Flooring needs full replacement throughout and cosmetic work is needed inside and out. The detached shop includes a large workshop area and a separate room with a full bath. Potential ADU conversion, subject to applicable covenants. The mobile home currently shares a water well with the adjacent property to the east, so the new owner will need to establish a separate water source for it. Priced for the investor who can see the potential and move on it.
Courtesy of Steve Reese and NextHome Central Real Estate. (405) 225-0151
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