At just $19,900, this 2-bedroom, 1-bath home offers a very low entry point into the area, with a stated ARV of $100,000. The 750-square-foot property needs a full rehab, giving investors the opportunity to renovate throughout and position it for resale or a long-term rental hold. Its compact footprint provides a manageable scope to evaluate, though a thorough assessment of the interior, exterior, and mechanical systems is essential to establish the renovation budget.
The spread between the asking price and stated ARV creates room to explore a value-add investment, with profitability dependent on rehab costs, holding expenses, and the final exit value. For cash buyers and investors prepared to take on a complete renovation, this is an opportunity to acquire at a low basis and build equity through disciplined improvements.
