Package of Fountain properties for saleThis package of Fountain properties for sale is an investor’s dream at $160,000.

The house at 530 Race St. was built in 1904. The 1,132 square-foot home has three bedrooms, one bathroom, laundry and is in good shape. It’s rented for $950 a month through the end of June. Once the house is vacant, this listing will go on the MLS. So, if you’re interested, this is a good time to get in touch.

Vacant land in Fountain

The house is just the icing on the cake for this property. Empty lots on either side of the home are prime for development as single-family homes or duplexes. A collection of adjacent houses built in the early 1990s are a good illustration of how the land could be used effectively.

General contractors, investors and developers looking for a small, but potentially lucrative project in Fountain have found it.

The platPackage of Fountain properties for sale

The lots are currently laid out with the house straddling one of the property lines. The owner has done all of the preliminary work to divide the package of properties into three lots that are all about 0.275 acres. He’s just waiting to hear from a buyer before applying for the replat.

Other opportunities

The piece of property to the north of one of the lots is also for sale. 424 Race St. is a HUD home with a trailer house in front of it. It’s listed at $78,900. With more than 100 days on the market, it should be open to investor bids, giving potential buyers an opportunity to expand on their acquisition at 530 Race St.

Contact me if you’re interested in this package of Fountain properties for sale.