1930: Mid-Renovation Investment on 0.42 Acres

At $69,900 ($60/sq. ft.), this 1930 Cape Cod-style home sits on an oversized 0.42-acre lot in Bridgeport Township.

Recently reduced from $89,000, the property presents a compelling entry point for contractors, handypeople, or investors seeking a high-upside renovation project.

Listed by: Jenifer L Rifkin 989-714-7998, Century 21 Signature Realty 989-921-7000

The 1.5-story layout encompasses 1,160 square feet with 3 bedrooms and 2 full bathrooms, including a convenient main-floor primary bedroom and two additional bedrooms upstairs.

The home is connected to public water and public sewer, with estimated annual property taxes ranging between $1,560 and $2,275.

Outside, a large detached two-car garage features a dedicated workshop area, adding substantial storage and utility for hobbies or trade projects.

Investment & Renovation Potential

Originally purchased in September 2023 for $40,000, the property is mid-renovation with key projects already initiated, including roof repairs and initial framing/fixture work. Based on recent market sales for renovated three-bedroom homes in the Bridgeport-Spaulding Community School District, the After Repair Value (ARV) ranges between $125,000 and $140,000.

With an estimated rehab margin of $30,000 to $40,000, there is room to complete interior finish work, inspect mechanical systems, and upgrade cosmetic trim while preserving built-in equity.

Key Considerations for Buyers

Inspection & Permits: Mid-renovation status reduces immediate demolition and tear-out costs. However, buyers should verify that all previously started framing, plumbing, and electrical work meet local Bridgeport Township building codes.

Financing Strategy: Because the home lacks completed utility connections (such as an active water heater) and has unfinished living spaces, it will not qualify for traditional FHA or conventional mortgage financing. Buyers will need cash, hard money financing, or an FHA 203(k) / renovation loan.

Workshop Advantage: The 110′ x 165′ lot and detached workshop garage provide significant value for buyers looking for space to store equipment, vehicles, or work-from-home tools.