Half-Acre
REHAB OPPORTUNITY ON ONE HALF ACRE! If you’ve been searching for a property with serious upside potential and a lot that truly stands out, this is your chance. Extensive renovations are needed throughout the home, but the setting and lot size create an opportunity that’s difficult to ignore. Bring a flashlight and your imagination—this is a project property with strong potential for the right buyer.
Situated on approximately 0.58 acres (175 x 175 corner lot) in Colp, this single-family ranch-style home offers 1,344 square feet of interior living space, 3 bedrooms, and 2 full bathrooms. Built in 1920, the home retains the footprint and structure of a classic early 20th-century residence, now ready for transformation.
Please note: Room dimensions listed are not accurate and should not be relied upon. Buyers are encouraged to independently verify all measurements and details during due diligence.
Property Overview
Property Type: Single Family Residence
Architectural Style: Ranch
Year Built: 1920
Living Area: 1,344 sq. ft.
Bedrooms: 3
Bathrooms: 2 Full
Lot Size: 0.58 Acres
Lot Dimensions: 175 x 175
Garage: 2-Car Detached Garage
Ownership: Fee Simple
Condition: Major Rehab Required
This property is ideal for investors, experienced renovators, or buyers looking to create equity through a full-scale renovation. The structure requires substantial work, but the corner lot location and half-acre size significantly increase its appeal.
The Lot: The Real Highlight
While the home needs extensive renovation, the 0.58-acre corner lot is truly the star of this opportunity. Large residential lots like this are increasingly rare, especially within established communities.
Lot highlights include:
Expansive 175 x 175 dimensions
Corner positioning for flexible access
Ample yard space for landscaping or outdoor living
Potential for expanded parking or garage upgrades
Manageable yet generous size for future customization
Whether your vision includes a fully restored primary residence, a resale project, or long-term rental, the lot provides flexibility and added long-term value.
Interior Layout & Potential
The home offers a traditional single-story layout with three bedrooms and two full bathrooms. While significant renovations are required, the floor plan provides a base for reconfiguration or modernization.
Primary Bedroom (Main Level)
Carpet flooring
Listed dimensions are placeholders and not accurate
Bedroom 2 & Bedroom 3 (Main Level)
Carpet flooring
Dimensions listed are not reliable
Kitchen
Vinyl flooring
Eating area with table space
Approximate area listed as 15×15 (buyer to verify)
The kitchen’s layout suggests the potential for an open redesign, expanded cabinetry, or modern upgrades depending on your renovation plan.
Basement
Egress window present
The presence of an egress window may offer flexibility for future finished space, storage, or potential bedroom configuration, subject to code compliance and renovation.
Mechanical & Utility Information
Heating: None
Cooling: None
Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public Water
The 200+ amp electrical service is a positive feature, particularly for a renovation project, as it supports modern electrical needs. Buyers should inspect and verify all mechanical systems and utilities.
Detached Garage & Parking
The property includes a 2-car detached garage, offering:
Off-street parking
Storage space
Workshop potential
Additional renovation flexibility
For buyers interested in value-add improvements, the garage could be enhanced, repurposed, or restored depending on its condition.
Construction Details
Exterior Materials: Frame construction with aluminum siding
Stories: 1
Foundation: Not specified (buyer to verify)
New Construction: No
Built in 1920, this home reflects an older construction style. Buyers should anticipate updating structural components, mechanical systems, finishes, and possibly layout elements.
Renovation Scope
This property is being marketed clearly as a rehab opportunity. Extensive renovations are needed, and buyers should plan accordingly.
This is likely not suitable for:
FHA or VA financing
Buyers seeking move-in-ready condition
This is best suited for:
Cash buyers
Conventional renovation financing
Investors or flippers
Contractors or skilled homeowners
The phrase “Bring a flashlight and your imagination” reflects the scope of work anticipated.
Location: Colp
Located in Colp, this property benefits from a residential setting with access to nearby communities, services, and transportation routes. The combination of a large lot and residential zoning provides flexibility while maintaining neighborhood appeal.
As always, buyers should independently verify:
Zoning regulations
Property boundaries
Permit requirements
Local ordinances
Investment Perspective
At a low price per square foot relative to assessed value, this property presents an opportunity to:
Renovate and resell
Restore and occupy
Convert into a long-term rental
Hold for land value appreciation
The half-acre corner lot significantly enhances long-term desirability. Even in markets with fluctuating property values, land remains a strong foundational asset.
Important Disclosures
Room dimensions are not accurate.
Extensive renovations are required.
Property is sold in current condition.
Buyer must conduct full due diligence.
All information should be independently verified.
Who Should Consider This Property?
This opportunity is ideal for:
Experienced rehab investors
Buyers seeking equity potential
Contractors looking for their next project
Vision-driven homeowners willing to renovate
If you’re looking for turnkey perfection, this isn’t it. If you’re looking for potential, land value, and a renovation canvas, this property may be exactly what you need.
Final Thoughts
This 3-bedroom, 2-bath ranch on 0.58 acres in Colp represents a classic value-add opportunity. The home requires significant work, but the corner lot, detached garage, public utilities, and generous land size create a compelling foundation for the right buyer.
Half-acre lots with this kind of positioning don’t come along often. With vision, planning, and the right renovation approach, this property could be transformed into something truly special.
Bring your contractor. Bring your creativity. And most importantly—bring your vision.
Listed on Zillow
