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$30,000
2 Beds
1 Bath
964 SqFt
1 Acre Lot
43,560 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1940
Neighborhood
Days on Website 98

Property Map

$30,000 – 8059 N Wheeler Road, Wheeler, MI 48662

Street View

Courtesy of NextHome Legacy Real Estate, Jim Vanas.

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 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.

Property Details and Features

Property Access

  • Road Surface Type: “Paved”

Basement

  • Basement: “Crawl Space”

Bathrooms

  • 1 full bathroom
  • 1 total bathroom

Bedrooms

  • 2 total bedrooms

Building

  • Architectural Style: “Ranch”
  • Building Area Total: 964
  • Construction Materials: “Wood Siding”
  • Living Area: 964
  • Year Built: 1940
  • 1 story

Heating

  • Heating: “Forced Air”
  • Heating Included

Interior Features

  • Features: “Eat-in Kitchen”

Laundry

  • Features: “Main Level”

Listing

  • Listing Contract Date: 2025-05-14
  • Listing Id: 25022284
  • Listing Terms: “Cash”, “FHA”, “Conventional”
  • Mls Status: Active
  • Modification Timestamp: 2025-07-17 22:53:35
  • On Market Date: 2025-05-16
  • Price Change Timestamp: 2025-07-17 22:52:24
  • Standard Status: Active
  • Status Change Timestamp: 2025-05-16 02:57:16
  • 100 days on market

Location

  • City: Wheeler
  • State Or Province: MI
  • County Or Parish: Gratiot
  • Postal Code: 48662
  • MLS Area Major: Central Michigan – C
  • MLS Area Minor: Central Michigan – C

Lot

  • Features: “Level”, “Wooded”
  • 1 acres
  • Area: 1
  • Dimensions: 132 x 326
  • 43,560 square feet

Property

  • Parcel Number: 16-021-076-00
  • Property Sub Type: Single Family Residence

Roof

  • Roof: “None”, “Shingle”

Additional Rooms

  • Rooms Total: 5

Schools

  • Middle Or Junior School District: Breckenridge

Sewer

  • Sewer: “Public”

Taxes

  • Annual Amount: $435
  • Tax Year: 2003

Utilities

  • Water Source: “Public”

Windows

  • Features: “Storms”, “Screens”