2322 Drummond St, Vicksburg, MS 39180

You must furnish proof of ability to close to view. How would you like to own over 3300 square feet of refurbished Victorian in Vicksburg's Garden District for less than $157,250 effectively. This home is eligible for historic tax credits. Much renovation needed but if you can bring in renovations at $ 150,000 you get a return of 38.5% in federal tax credits and cash on the $$ spent on renovations. Buy for $ 65,0000 Spend $150,000 Receive tax credits of $ 57,750. End result is $ $157,250. So much possibility. Still has a beautiful Victorian foyer with walnut staircase. formal living room has been fashioned as a study. Formal dining room, almost all hardwood floors, downstairs bedroom and bath, 11 foot ceilings in formal areas. pocket doors, crown molding, Italian marble mantles. Home would qualify for FHA 203k loan. Upfront financing to make your repairs. Needs new roof, new hvac, small foundation repairs, lots of rotted wood, shone Sheetrock and floor repairs. Home must generate some income for federal credits. Consult a tax professional. professihttps://www.vicksburgpost.com/2023/04/19/looking-back-you-could-save-this-drummond-street-gem/