Incredible Home With Waterviews - Looking for Investor

[Stephen Dispensa]

Guys, I've got a pretty great flip opportunity on Long Island if anyone is interested. Large home on the water in Babylon, directly across the street from South Oyster Bay. 4500+ Sq. feet, three stories, amazing designer bathroom. 

The house was sold at an auction last year and needs to be lifted. The contractor who owns the house is willing to do the lift at his cost (quote is at $108k). The interior of the house doesn't need much work, it was completely renovated after the storm. When the home was sold to the state they pulled out the kitchen appliances, furnace, and some of the dimmer switches, but otherwise everything is in place.

Here is a property video on the listing (I shoot these for all my listings):

https://youtu.be/ml-ozADrFHU

Comps in the area range from the high 7's through over 1 million. After the lift, I would relist this home at least at 900k, maybe more. 

Once lifted, the house will gain an extra room (where the current garage is), which can become another bedroom, home office, theater room etc. etc. 

Give me a ring (516) 343-0052 if you have any questions.