Don’t miss this rare value-add opportunity in Lake County, priced at only $99,900.
Based on price per square foot, this property is currently the third-cheapest home out of 2,858 active properties in all of Lake County. The home sits on nearly one acre of land in a quiet area, with several newer homes being built nearby.
The property will require a full renovation, but the comparable sales support the potential. Investors should review the comps carefully, as there appears to be plenty of room to create equity and generate a strong return.
As an additional opportunity, the neighboring lot may also be purchased for $14,900. A buyer could potentially place a mobile or modular home on the lot and either sell it or hold it as a rental for additional income.
This is an excellent opportunity for an investor looking for an affordable acquisition, a large lot, solid comparable sales, and multiple potential exit strategies.
Call your EquityPro Advisor Today before this one's gone.