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