2671 Fish Lake Rd, Lapeer, MI 48446

Property Description

Opportunity awaits at 2671 Fish Lake Rd in Lapeer! Priced at just $100,000, this 3-bedroom, 1-bath home is ready for someone with the vision to bring it back to life. Whether you're an investor looking for your next project, a handyman searching for an opportunity to build some sweat equity, or a buyer who isn't afraid to take on a renovation, there is plenty of potential here. The home will need some updating, and the septic system is currently not functioning and will need to be repaired or replaced. The condition has been taken into consideration with the asking price, giving the next owner an opportunity to make the improvements and updates themselves rather than paying for someone else's renovation. Based on recent comparable sales in the immediate area, the estimated after-repair value (ARV) is approximately $215,000-235,000, depending on the quality and extent of the renovations completed. With a $100,000 asking price, that leaves plenty of room for the right buyer to make the necessary improvements and potentially build significant equity. With three bedrooms, a manageable footprint and a nearly half-acre lot, there is a solid foundation here to work with. Bring your tools, your ideas and your imagination. If you've been looking for a project where the numbers may actually make sense, this one is worth a look.