$40,000
Wheeler, MI 48662
MLS# 25022284
2 beds | 1 baths | 964 sqft
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Property Description
Investor Special - Full Rehab Opportunity on a Wooded Acre in Wheeler. This severely distressed fixer-upper is a true diamond in the rough, perfect for seasoned investors, flippers, or ambitious renovators ready to roll up their sleeves and bring a vision to life. Set on a full acre of land in the Village of Wheeler, this property offers peaceful privacy with mature trees, vibrant ferns, and natural charm, all while being conveniently located with city water, city sewer, Breckenridge schools, and easy access to M-46—just 33 minutes to Saginaw and 26 minutes to Midland. Inside, the home features 2 bedrooms, 1 bathroom, a large kitchen, formal dining room, and a spacious living room with big windows and great natural light. But let's be real—this house needs to be remodeled in every way pos
Details
Maps
Location Property Info
County: Gratiot
Street #: 8059
Street Direction: N
Street Name: Wheeler
Suffix: Road
State: MI
Zip Code: 48662
Zip (4): 9791
Area: Central Michigan - C
OfficeContract Info
Status: Active
List Price: $40,000
Current Price: $40,000
Listing Date: 2025-05-14
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1
Lot Square Footage: 43560
Lot Dimensions: 132 x 326
Year Built: 1940
Road Frontage: 132
Garage Y/N: No
Fireplace: No
Income Property: No
Total Rooms AG: 5
Total Fin SqFt All Levels: 964
SqFt Above Grade: 964
Total Beds Above Grade: 2
Total Bedrooms: 2
Full Baths: 1
Total Baths: 1
Main Level Primary: Yes
Stories: 1
School District: Breckenridge
Waterfront: No
Tax Info
Tax ID #: 16-021-076-00
Taxable Value: 9400
SEV: 9400
For Tax Year: 2003
Annual Property Tax: 435
Tax Year: 2003
Spec Assessment & Type: See Local Assessor
Zoning: residential
Remarks Misc
Directions: From Corner of M-46 7 Wheeler Rod: N on Wheeler to subject on W side of road
Access Feat
Accessibility Features: No
Upper Rooms
Total Baths Above Grade: 1
Main Rooms
Main Bedrooms: 2
Main Full Baths: 1
Main Level SQFT: 964
Property Features
Laundry Features: Main Level
Exterior Material: Wood Siding
Roofing: Shingle; None
Windows: Screens; Storms
Substructure: Crawl Space
Lot Description: Level; Wooded
Sewer: Public Sewer
Water: Public
Kitchen Features: Eating Area
Heat Source: Natural Gas
Heat Type: Forced Air
Water Heater: Natural Gas
Flooring: Wood
Patio and Porch Features: Deck; Porch(es)
Landscape: Ground Cover
Architectural Style: Ranch
Driveway: Unpaved
Street Type: Paved; Public
Mineral Rights: No
Terms Available: Cash; Conventional; FHA
Possession: Close Of Escrow
Sale Conditions: None
Supplements
sible. The interior requires a full-scale renovation, from walls to ceilings, flooring to fixtures. Much of the demo work has already begun, revealing original trim, open layout, and potential to reimagine the space from the ground up. Nearly every surface needs repair or replacement. That said, the bones are strong, and recent upgrades include a brand-new electrical service and panel box. Mechanical systemsincluding the furnace, water heater, and pressure tankare present, though their working condition may need to be evaluated. Additional features include: Large front deck ready to be restored, Two large storage rooms, Located in a quiet, tree-lined neighborhood. Will not qualify for traditional financingcash buyers or rehabilitation loans only. Whether you're looking to flip, restore, or start fresh, this property offers rare potential at a compelling price. This is not a cosmetic fixerit's a full-scale rehab, but the upside is huge for the right buyer.
Room Information
| Room Name | Length | Length | Width | Level | Width |
| Kitchen | 19.30 | 19.30 | 9.50 | Main | 9.50 |
| Dining Room | 13.50 | 13.50 | 14.25 | Main | 14.25 |
| Living Room | 13.50 | 13.50 | 14.50 | Main | 14.50 |
| Primary Bedroom | 9.50 | 9.50 | 14.50 | Main | 14.50 |
| Primary Bathroom | 4.75 | 4.75 | 9.50 | Main | 9.50 |
| Bedroom 2 | 95.00 | 95.00 | 95.00 | Main | 95.00 |
Listing Office: NextHome Legacy Real Estate
Listing Agent: Jim Vanas
Last Updated: May - 30 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.