Investment Property With Multiple Homes on 1.32 Acres

Investors and buyers looking for a property with multiple potential uses may want to take a closer look at this unique 1.32-acre tract. The property offers an unusual combination of a 1953 bungalow, two single-wide mobile homes, a large level lot, a barn, and additional storage space. With several structures located on one parcel, the property presents multiple possibilities for renovation, rental income, personal use, or the creation of a small rural homestead.

The existing structures require work, particularly the two single-wide homes, which may need significant repairs or replacement. For buyers comfortable with renovation and property improvement projects, this creates an opportunity to customize the site according to their long-term plans.

A 1.32-Acre Property With Multiple Structures

The property encompasses approximately 1.32 acres and features a large, relatively level tract of land. The main residence is a bungalow originally built in 1953, identified as property number 7383. Two additional single-wide homes, identified as 7385 and 7387, are also located on the property.

The single-wide homes currently need repair or replacement. Depending on applicable zoning and building regulations, they could potentially provide additional residential or rental opportunities after improvements are completed.

The generous amount of land also creates room for outdoor activities, gardening, animals, equipment, or other uses permitted under local regulations.

Existing Bungalow With Recent Improvements

The 1953 bungalow offers an established residential structure and includes several updates. The property has a newer metal roof and an updated breaker box, providing improvements that may be valuable to a future owner.

However, buyers should be aware that some ceilings may be too low in certain areas to qualify as legal heated square footage. Prospective buyers should verify the property’s actual legal living area, room dimensions, condition, and applicable building requirements through their own inspections and due diligence.

The home’s existing character could provide a starting point for renovation, modernization, or use as a primary residence.

Potential Rental Income Opportunity

One of the most interesting aspects of this property is the possibility of creating multiple sources of residential income. If the existing structures can be repaired, renovated, or replaced in accordance with local regulations, the property could potentially support a combination of owner-occupied and rental spaces.

For example, an owner could potentially live in the bungalow while renting another permitted dwelling, subject to zoning, occupancy, utility, septic, and building requirements. This type of arrangement could provide an opportunity to offset some ownership costs through rental income.

Buyers should consult local officials and qualified professionals before relying on any potential rental strategy.

Barn, Storage and Mini-Farm Potential

The large level lot includes a substantial barn and a storage shed, adding practical value for buyers who need workspace, storage, or agricultural-related space.

The property has room for a garden and may also offer space for animals, subject to zoning and applicable restrictions. These features make the property potentially attractive to buyers interested in a small-scale mini-farm lifestyle.

A combination of residential space, outbuildings, open land, and potential rental units can create flexibility that is uncommon among smaller investment properties.

Water and Sewer Considerations

Utility information should be carefully reviewed before purchase. Water taps are currently connected to properties 7383 and 7385, while Energy United has reportedly been unable to locate a tap for 7387. A new tap may be available if the existing connection cannot be located.

There are no county drawings or records currently available for septic tanks. According to the listing information, one of the trailers received a Certificate of Occupancy in 1998 and had a working two-bedroom septic system at that time.

City sewer is reportedly available across the street, with a stated connection cost of approximately $4,500 per tap. Buyers should independently verify current availability, costs, connection requirements, and utility conditions.

Rural Zoning and Future Possibilities

The property’s rural zoning may provide additional flexibility. According to the listing information, the existing single-wide homes could potentially be replaced with new manufactured homes or tiny homes if applicable building permit guidelines are satisfied.

Because zoning and construction regulations can vary, buyers should verify their intended use directly with the appropriate building inspection office before closing. No assumption should be made regarding the legality or feasibility of adding, replacing, or converting any structure without official confirmation.

Important Due Diligence for Buyers

This property involves multiple structures, utility considerations, and potential renovation projects, making professional due diligence especially important. Buyers should verify tax records, square footage, zoning, septic systems, utility connections, building permits, property boundaries, and the condition of every structure.

The listing information notes that all information was taken from tax records and should be independently verified by the buyer and appropriate professionals.

A Property With Significant Potential

With 1.32 acres, a historic bungalow, two additional mobile homes, a barn, storage shed, and potential space for gardening or animals, this property offers several possible paths for the right buyer.

It could potentially serve as a primary residence, a renovation project, a rental-income property, or a small rural homestead. Investors may be particularly interested in the possibility of improving or replacing the existing single-wide homes while maintaining the bungalow as part of the overall property strategy.

The combination of land and multiple structures gives this property considerable flexibility, but buyers should carefully evaluate renovation expenses, utility requirements, zoning regulations, and potential rental restrictions before making an investment decision.