$250,000 – Fix-and-Flip Opportunity with Over 5,300 Sq Ft on a Prime Corner Lot in Morristown, TN
Located in a desirable Morristown neighborhood, this substantial brick home at 1216 Ridgecrest Street represents a true value-add opportunity for investors, renovators, or buyers looking for a large-scale transformation project. Priced at $250,000, the property offers more than 5,300 square feet of living space, four bedrooms, five bathrooms, a two-story layout, and a fully finished basement—providing the size, structure, and flexibility needed to support a strong after-repair value. Opportunities with this combination of square footage, lot size, and location are increasingly rare in the Morristown market.
Inside, the home offers a solid foundation with generous room sizes, multiple living and entertaining areas, and abundant natural light throughout. The existing layout allows for modern reconfiguration to suit today’s buyer expectations, whether that means open-concept living, expanded kitchen space, or enhanced primary-suite accommodations. Architectural details such as exposed brick, wood-paneled walls, beamed ceilings, and hardwood flooring give the home distinctive character and offer the option to restore original elements or reimagine them into a more contemporary design. The finished basement adds valuable additional square footage that could be used for guest accommodations, recreation space, home offices, or multi-generational living.
The exterior further strengthens the investment potential. The home sits on an oversized, flat 0.85-acre corner lot, enhanced by mature magnolias, hollies, crape myrtles, and other established trees that provide both curb appeal and a sense of privacy that new construction cannot replicate. An in-ground vinyl liner pool and a glass-enclosed patio add desirable outdoor living features that are highly attractive in resale scenarios. A two-car garage offers everyday convenience and improves overall marketability.
Offered as-is, this property is well suited for a fix-and-flip, luxury renovation, or long-term hold strategy. The fundamentals are firmly in place: a strong structural footprint, substantial square footage, a premium lot, and a location that supports higher-end resale potential. With the right vision and execution, this home could be repositioned as one of Morristown’s standout residences.
For investors seeking a project with true upside, 1216 Ridgecrest Street delivers the scale, character, and location needed to justify a significant renovation and maximize returns. Bring your contractor, evaluate the numbers, and imagine the transformation this property can achieve with thoughtful updates and design.
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