fixer upper

Under $75K Thursday ~ Fixer Upper w/Apt. in Andalusia AL Under $60K ~ Off Market

511 S Three Notch St, Andalusia, AL, 36420  $59,900 ~ Off Market

OHU50K NOTES

This fixer upper has the potential to be a true beauty. It has a wrap-around porch, front door with transom and sidelights, 14-foot ceilings, hardwood floors, green tiled fireplace, French doors and original trim. It also has a second-floor two-bedroom, one-bath apartment!
The property, however, was used as a plumbing and electrical business, and has no working first-floor bathroom or kitchen. It does have the space and plumbing, though, to install both.
The property was purchased in July 2018 for $68,000 and has been on and off the market since March 2019 for $74,900. At the beginning of July 2020, the price was reduced to $59,900, but without a kitchen and bath, I feel it still needs to come down in price. What do you think?

REALTOR COMMENTS

Investment Opportunity for one of the oldest Victorian homes in Andalusia. This beautiful fixer upper building needs work, but has endless possibilities. Could be a showplace! Can be residential or commercial- and income producing potential with 2BR 1bath large apartment upstairs.
5 fireplaces on main floor with original mantles and vintage marble tiles. Original hardwood floors in front rooms. Includes a 24×24 garage/shop in back. Being sold As-is only. Currently no working bathroom or kitchen in downstairs, but plenty of space and plumbing for it.
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OHU50K does not represent this property.

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