3 beds 1 baths 1,232 sqft
Title: High-Return Investment Opportunity in Appalachia
Positioned in the heart of Appalachia, this property presents a compelling opportunity for investors seeking a high return on investment (ROI) through renovation, rental income, or resale. Situated on approximately a quarter-acre lot (0.235 acres / 10,018 square feet), this older single-family residence carries significant potential for those with vision, creativity, and an eye for value. With its traditional architectural style and classic structural features, this home offers the perfect foundation for a profitable transformation.
Originally built in 1940, the house reflects the charm and character of its era while also presenting the kind of project that appeals to experienced investors and renovators. Whether your strategy is to restore the home to its former appeal, modernize it for today’s market, or convert it into a steady income-producing rental, this property provides flexibility and opportunity at an accessible price point.
The residence offers a total interior livable area of approximately 1,232 square feet, with a total structure area of 1,540 square feet, allowing ample room for redesign and improvement. Inside, the layout includes three bedrooms and one full bathroom, making it a practical option for small families, tenants, or even short-term rental opportunities after renovation.
Upon entering the home, you are welcomed into a living room that features a fireplace, complete with a wooden mantle that adds warmth and traditional character. This space has the potential to become a cozy focal point of the home once restored. With the right updates, it could easily transform into an inviting gathering area that enhances both comfort and property value.
Adjacent to the living room is a dedicated dining room, offering a defined space for meals and entertaining. The presence of a separate dining area is a desirable feature for many buyers and renters, and it adds to the functional layout of the home. The kitchen, while currently in need of updates, provides a workable footprint for redesign. With laminate countertops already in place, the kitchen can be modernized to meet current standards and preferences, further increasing the property’s appeal.
The home’s interior includes a combination of hardwood and vinyl flooring, offering a base that can either be restored or replaced depending on the renovation strategy. Hardwood floors, in particular, can be refinished to create a high-end look at a relatively low cost, making them a valuable asset for investors seeking to maximize return.
Additional interior features include washer and dryer hookups, making the home convenient for future occupants. The presence of both electric dryer hookup and washer hookup adds practical value, especially for long-term tenants. Doors include storm door(s), providing added protection and energy efficiency, while the windows consist of both double-pane and single-pane varieties, offering opportunities for upgrades that could improve insulation and reduce utility costs.
Heating and cooling are provided by a heat pump system, which is already in place but may require servicing or updating depending on its condition. This is an important consideration for investors looking to ensure energy efficiency and comfort for future occupants.
One of the notable structural features of the home is its basement, constructed of concrete and accessible via both interior and exterior entry points. This dual-access basement provides additional storage or potential for future finishing, depending on local regulations and renovation plans. Investors may find value in converting this space into usable square footage, further increasing the overall property value.
Externally, the property features vinyl siding and a durable metal roof. Metal roofing is often considered a long-term advantage due to its longevity and resistance to weather conditions, which can reduce maintenance costs over time. However, as the property is currently classified in poor condition and noted as a fixer-upper, a thorough inspection and potential upgrades should be anticipated.
The lot itself is slightly sloped, which adds visual interest and can be incorporated into landscaping improvements. The property includes a gravel driveway with uncovered parking spaces, providing practical access and parking solutions. Additionally, a covered patio or porch area offers outdoor living potential, which can be enhanced to increase the home’s overall desirability.
It is important to note that the property utilizes an environmental septic system that requires ongoing maintenance. This is a key factor for buyers to consider, as proper upkeep is essential for functionality and compliance. However, with responsible management, this system can continue to serve the property effectively.
Located in a general residential zoning area and not part of any subdivision, the property offers flexibility without the constraints of homeowners’ association (HOA) rules or fees. This independence can be particularly appealing to investors who prefer fewer restrictions on renovations, rentals, or resale strategies.
The property is currently listed under special conditions as it is in foreclosure, presenting a unique opportunity to acquire real estate below typical market value. With a price per square foot of just $34 and a tax assessed value of $34,700, the numbers suggest strong potential for value appreciation after improvements. The annual property tax is notably low at $239, contributing to reduced holding costs during the renovation or investment period.
Given its location in Appalachia, the property benefits from a region known for its natural beauty, community-oriented living, and increasing interest from buyers seeking affordability and lifestyle balance. As housing demand continues to grow in more rural and semi-rural areas, properties like this can become highly desirable once updated.
This home is best suited for cash buyers or those using conventional financing, as specified in the listing terms. Due diligence is strongly recommended, and both the buyer and buyer’s agent should verify all information provided. The listing is subject to errors and omissions, and investors should conduct thorough inspections and assessments prior to purchase.
In summary, this property represents a classic investment scenario: a lower-priced home with solid structural elements, positioned on a manageable lot, and offering multiple paths to profitability. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a project with significant upside, this home provides the foundation for a rewarding investment.
With thoughtful renovation, strategic upgrades, and careful planning, this property can be transformed into a valuable asset—either as a rental property generating consistent income or as a resale opportunity with strong return potential. Opportunities like this, particularly in a growing and desirable region such as Appalachia, are increasingly rare at this price point.
Seize the chance to unlock the hidden value within this property and turn it into a successful investment.
Listed on Zillow
