Attention Investors, Flippers, and all people handy!
Welcome to 110 Dixon St, a fantastic investment opportunity located in the charming town of Sweetwater, TN. This property presents an ideal prospect for those looking to put their creative touch on a home and transform it into a beautiful living space. With it's gutted interior, the heavy-lifting has already been done, so this house is ready for remodeling and offers immense potential for a lucrative return on investment. What could make this deal even sweeter? The property is large enough to be subdivided, adding 2 additional lots (75x148 each, with 75 ft road frontage) on either side that could be sold for additional return on investment.
Features of this investment opportunity include:
Prime Location: Situated on Dixon St, this property enjoys a desirable location in Sweetwater. The neighborhood is known for its tranquil surroundings, friendly atmosphere, and easy access to local amenities, making it an attractive choice for homeowners and tenants alike. Only a short drive or walk to the popular Engleman Park and Splash Pad, and about 1 mile to shopping and dining in Historic Downtown Sweetwater and Sweetwater's Antique District.
Gutted Interior: The house has been stripped down to its bare bones, providing a blank canvas for your remodeling vision. This means you have the freedom to customize the finishes, and overall design according to your preferences and the market demand. Approx. 2013 a 30 year architectural roof was installed, along with new windows, and siding. Foundation was reinforced at this time as well.
Room for More: Spanning 1,856 square feet between 2 floors, this property offers ample space to create a comfortable and functional living. The main floor has 2 bedrooms and 1 full bath, a living room and open kitchen and dining room. Downstairs you'll find a 3rd bedroom, laundry closet and family room, plus 2 more rooms that could be made into a second bathroom, 4th bedroom, or home office Investment Potential: With this property, you have the opportunity to capitalize on the growing real estate market in Sweetwater. By remodeling and refurbishing this house, you can position it to appeal to the market demand and generate a favorable return on your investment through resale or rental income.
Future Returns through Subdivision: The .8 +/- acre property is 225' x 148' overall, which is large enough to make 2 additional lots that could be sold off for a profit. If subdivided into 3 lots, 75' x 148' each, the lots on either side of the house could be sold off for an additional return. Each potential lot is ideal for new construction!
Vibrant Community: Sweetwater offers a wonderful community atmosphere, with various local events (The National Muscadine Festival, Blooms & Bluegrass Festival, and Small Town Christmas are a few local favorites), parks, recreational facilities, and schools nearby. This property's location ensures you are well-positioned to take advantage of the area's amenities and attractions.
Don't miss out on this exciting investment opportunity at 110 Dixon St! Act now to secure your chance to remodel and transform this property into a lucrative asset. Schedule a viewing today and unleash the possibilities that await in Sweetwater, TN!
Sold AS-IS. 3% commission to cooperating Buyer's Agent. Listing Agent is related to Seller.
