For homebuyers and investors seeking an affordable property in a scenic location, Virginia’s Eastern Shore offers a unique opportunity. A recently listed 2-bedroom, 1-bath home on over an acre of land presents a budget-friendly option for those willing to take on a renovation project.
Why Consider a Fixer-Upper?
Purchasing a home that needs repairs can be a strategic move for buyers looking to maximize their investment. Many homes under $100K require some degree of work, but with the right vision and resources, they can be transformed into charming residences or profitable rental properties.
A Spacious Lot in a Tranquil Setting
This property boasts over 1 acre of land, offering ample space for outdoor activities, gardening, or future expansions. Surrounded by nature, it provides a peaceful retreat while still being within reach of the charming coastal town of Cape Charles. The area is known for its beautiful beaches, historic attractions, and vibrant community, making it an appealing destination for both homeowners and vacationers.
Potential for Customization
Since the home requires a full renovation, buyers have the freedom to customize it to their liking. Whether you’re envisioning a cozy cottage, a modern farmhouse, or a minimalist retreat, the possibilities are endless. For those interested in investment opportunities, renovating and renting out the property could generate passive income in a sought-after location.
Things to Keep in Mind
Budget for Renovations: Factor in costs for repairs and upgrades to ensure the project remains financially viable.
Professional Inspection: If possible, have an expert assess the structure to determine the extent of necessary repairs.
Zoning and Permits: Check local regulations regarding renovations and potential expansions.
Community Appeal: The proximity to Cape Charles enhances the property’s value, with access to waterfront dining, outdoor recreation, and cultural events.
Is This the Right Investment for You?
Affordable properties like this are rare finds in today’s market, especially in desirable coastal areas. Whether you’re looking for a primary residence, a vacation getaway, or an investment opportunity, this home on Virginia’s Eastern Shore has the potential to become something truly special.
Looking for more homes under $100K? Visit House Under 100K for the latest listings and expert advice on budget-friendly real estate investments.
Listed by Zillow