At $90,000 this fixer upper has a lot of potential! The house was built in 1883. It is located on .62 acre in Vicksburg, Mississippi. The house features a wrap around front porch, double front doors, wood floors, wainscoting, crown moulding, picture rails, crystal chandelier and built-in bookshelves. There is a large back deck and a detached garage. Five bedrooms, three bathrooms and 3,347 square feet. $90,000
Contact Harley H. Caldwell with Coldwell Banker All Stars: 601-634-8928
From the Zillow listing:
How would you like to own over 3300 square feet of refurbished Victorian in Vicksburg’s Garden District for less than $ 225,000 effectively. This home is eligible for historic tax credits. Much renovation needed but if you can bring in renovations at $ 200,000 you get a return of 38.5% in federal tax credits and cash on the $$ spent on renovations. Buy for $ 90,000, Spend $ 200,000 Receive tax credits of $77,500. End result is $ 212,500. So much possibility. Still has a beautiful Victorian foyer with walnut staircase. The foyer is like a room itself. formal living room has been fashioned as a study. Formal dining room, almost all hardwood floors, downstairs bedroom and bath, 11 foot ceilings in formal areas. pocket doors, crown molding, Italian marble mantles. Home would qualify for FHA 203k loan. Upfront financing to make your repairs.
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