You Can Own This Babbit, MN Home for Under $8,000
Northwoods Land Office, Inc
Alright, we're willing to bet you drive a car worth pretty close to this price. There's a home in Babbit, Minnesota that's currently listed for $7,500. Yes, that's the price of a house!!
If you're wondering where Babbit is, it's located in northern Minnesota near Biwabik or about an hour's drive north of Duluth.
From the outside, the house at 113 5th Ave. N, looks really cute brick in the front and a small deck. But inside you'll quickly realize why it's listed on Zillow as, 'uninhabitable'.
The home was built in 1950 on a 6,229 square foot lot. Inside you'll find two bedrooms and one bathroom. It sounds like the deal of a lifetime, but, it would be a big understatement to say this home needs some TLC. From the photos you will notice signs of water damage, vandalism, garbage as well as other issues pertaining to the ceiling, walls and floor.
You can tell that at one point, this was a really cute 780 square foot home.
In 2011, the home sold for $6,000. It's sitting on a double lot. So, for the right investor, this might be a great opportunity to take it down and start over new for $7,500.
The home has been for sale since Mid September and is currently listed with Betsy Clark at Northwoods Land Office, Inc.