Fixer Upper House with Basement and Large Garage

Investment opportunity just outside Norway, about ten minutes from Iron Mountain. This property sits on a quiet lot with very little traffic, a few neighboring homes, and convenient access to town, making it a solid location for a long-term hold or resale once completed. The home was previously set up as a two bedroom, one bath with a full basement and has been cleaned out down to the studs. A significant amount of interior debris has already been removed, leaving a clean slate for renovation and saving the next owner time and labor. The basement has full height and was previously used for utility and workshop space. Structurally, the home is currently stabilized and sits on a solid footer, but the basement walls show signs of past hydrostatic pressure and will require foundation repair along with proper drainage improvements. The property is influenced by a higher water table, so a sump system and water management plan will be needed moving forward. The garage is a good size and can be used for storage right away, though it will need repairs including some base plate and siding work. There is also an attached breezeway area that was partially removed due to rot and can be rebuilt or taken down depending on the buyer’s plans. Utilities will need to be addressed as part of the renovation. Water and sewer lines are present, but they enter through areas of the structure that will be repaired, so condition is unknown and modifications may be needed during the process. Electrical is currently disconnected and will require a full update. The property previously had natural gas service with a boiler heating system, but condition is unknown. This is a full renovation project best suited for an experienced investor or contractor. Comparable finished homes in the area are generally in the upper 90s to low 100s range, leaving room for potential upside once completed. Property is being sold as-is with a special warranty deed. Cash or rehab financing only.