Discover a unique chance to invest in a c.1925 two-bedroom, one-bath handyman special nestled on 2.09 acres in Scarbro, WV, listed at $60,000.
Key Features of the Scarbro Property
This property offers a spacious lot perfect for those who value privacy and outdoor space. Located near Plum Orchard Lake and convenient to I-77, the home provides access to serene natural settings alongside essential travel routes. As a handyman special, it requires renovation, presenting investors or families a chance to customize the home to their preferences while significantly upgrading its value.
Scarbro’s Cost of Living and Housing Market Advantage
Boasting a median home price of $118,209, Scarbro’s real estate market is attractively priced below the West Virginia state average of $217,159. This affordability appeals to budget-conscious buyers or investors looking to enter a lower-cost market with potential upside. The region’s generally lower cost of living enhances its appeal for residents seeking to maximize housing affordability.
Rural Appeal and Outdoor Recreation
Scarbro’s rural charm is characterized by low population density and proximity to outdoor activities. Nature enthusiasts can enjoy easy access to fishing, hiking, and other recreational options near Plum Orchard Lake and surrounding landscapes. The quiet lifestyle here suits those seeking refuge from crowded urban centers.
Economic and Demographic Challenges
Potential buyers should weigh the economic realities impacting Scarbro. The town has experienced a population decline from 508 to an estimated 191 by 2025, reflecting broader regional trends. Limited local employment opportunities and aging infrastructure may temper returns for long-term investors, making thorough due diligence essential before purchase.
Investment Considerations and Buyer Profile
The property is marketed AS-IS and is brokered by ALTRUIST REALTY GROUP. It suits buyers prepared for renovation projects, particularly those with access to cash or conventional financing options. The home’s condition and the need for modernization should factor into budgeting and timeline planning.
Location Benefits and Travel Accessibility
Proximity to I-77 facilitates regional connectivity, enabling residents to reach larger towns or cities for work, shopping, and services while retaining rural living advantages. The nearby Plum Orchard Lake enhances lifestyle quality with recreational water activities and peaceful scenic views.
Balancing Opportunity with Caution
This Scarbro listing presents an affordable entry into rural property ownership near attractive natural resources. Buyers should balance the home’s renovation needs and local economic factors against the benefits of low-cost land and lifestyle appeal. Engaging local experts and understanding market trends will support informed decisions about potential returns and living suitability.