3,103 SF VALUE-ADD OPPORTUNITY | ONLY $80,000

6186 E Lamar St, Bay St. Louis, MS 39520

$80,000 CASH

5 Bedrooms | 3 Bathrooms | 3,103 SF

Approximately $25.78/SF Acquisition Price

If you’re looking for polished and turnkey, this isn’t it.

If you’re looking for a tremendous amount of square footage at an extremely low acquisition basis, keep reading.

This 5-bedroom, 3-bath property offers approximately 3,103 square feet for just $80,000, giving an experienced investor a substantial value-add canvas.

PROPERTY CONDITION

The property is currently livable but needs significant improvements.

Known items include:

Roof replacement needed
No central HVAC; currently utilizing window units
Water damage
Previous termite damage
Termite treatment has already been completed
Cosmetic and general renovation needed

The property has been in the same family for more than 30 years and presents an opportunity for a buyer willing to take on the renovation.

WHY WE LIKE THE DEAL

5 bedrooms. 3 bathrooms. 3,103 square feet. $80K.

At this price, you’re acquiring more than 3,100 square feet at approximately $26 per square foot.

Comparable market research indicates renovated/value-supported properties in the area can reach substantially higher pricing, giving an investor room to investigate several possible strategies.

Potential strategies include:

Fix & Flip
Renovate & Hold
Large Single-Family Rental
Owner-Occupant Renovation/Resale

The value here isn’t in pretending the repairs don’t exist. The value is in the basis.

We’re pricing the property so an investor can account for the work it needs and still evaluate the upside.