This HUD-owned property presents a compelling opportunity for buyers, investors, and renovators seeking a value-driven purchase with strong upside potential. Located in Clifton Forge, this two-story home is being sold by the U.S. Department of Housing and Urban Development (HUD) strictly “AS IS”, offering a blank canvas for those ready to bring vision, skill, and creativity to a property with solid fundamentals and promising possibilities.
With Case #544-116035, this property is classified as UI (Uninsured) and is 203K eligible, subject to appraisal, making it especially attractive to buyers who plan to renovate and finance improvements into their loan. While the home currently has no working heat, this is reflected in its status and pricing, creating an opportunity for the right buyer to add value through updates and modernization.
Understanding the HUD Advantage
Purchasing a HUD-owned home offers several distinct advantages. HUD homes are sold directly by a federal agency, ensuring a transparent sales process with clearly outlined terms and conditions. While HUD makes no representations or warranties regarding the condition of the property, this also means buyers have the freedom to evaluate the home independently and plan renovations without seller-imposed limitations.
The property is managed by KMM Realty, and all official information, disclosures, and bidding instructions are available through HudHomeStore.com. A property condition report is provided, allowing buyers to better understand known issues while still performing their own inspections and due diligence.
Property Overview and Layout Potential
This two-story home offers a classic layout with separation between living and sleeping spaces, a design that appeals to both homeowners and renters. Two-story homes often provide better functionality for families or multi-occupant households, as well as greater flexibility in renovation design.
While the home currently lacks a working heat source, this also creates an opportunity to install a modern, energy-efficient system tailored to today’s standards. Buyers can choose the heating solution that best suits their needs, whether that’s a heat pump, gas system, or other efficient alternative, potentially increasing long-term comfort and value.
The interior layout allows for:
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Reimagining living and dining spaces
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Updating kitchens and bathrooms to modern standards
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Improving insulation, electrical, and plumbing systems
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Enhancing flow and natural light
Rather than inheriting outdated finishes, buyers can fully customize the home from the inside out.
Renovation Financing: 203K Eligibility
One of the most significant benefits of this listing is its 203K eligibility, subject to appraisal. The FHA 203K loan program allows buyers to:
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Finance both the purchase price and renovation costs into one loan
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Spread renovation expenses over time rather than paying entirely out of pocket
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Increase the property’s value through planned improvements
This makes the home especially appealing to owner-occupants who may not have large cash reserves but are willing to take on a renovation project. Investors may also find value in the eligibility, depending on financing strategy.
Location: Clifton Forge
Clifton Forge offers a small-town atmosphere with access to essential amenities, schools, and regional transportation routes. The area is known for its scenic surroundings, community feel, and proximity to outdoor recreation, making it attractive to residents seeking a quieter lifestyle without being isolated.
The property is associated with the following schools (as provided by third-party sources and to be independently verified):
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Mountain View Elementary
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Clifton Middle School
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Alleghany High School
Homes in established school districts often maintain stronger demand, particularly among families, which enhances long-term resale and rental potential.
Ideal Buyer Profiles
This property is well-suited for several types of buyers:
Owner-Occupants with Vision
Buyers who are willing to renovate can transform this home into a comfortable primary residence while building equity. The 203K option makes this path more accessible.
Investors and Renovators
For experienced investors, this HUD property represents a value-add opportunity. Strategic renovations can significantly increase resale value or rental income.
Long-Term Hold Buyers
Those seeking a long-term investment may find this property appealing once updated, especially given its two-story layout and location in an established community.
“As Is” Sale: What It Means
The home is being sold “AS IS”, with no warranties or guarantees, expressed or implied, by HUD. This means:
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The seller will not make repairs
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Buyers are responsible for all inspections and evaluations
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The condition is reflected in the pricing and terms
While this requires buyers to approach the purchase with diligence and planning, it also provides greater control over renovation decisions and outcomes.
Why This Property Has Strong Potential
Despite the lack of working heat and the need for updates, this property stands out for several reasons:
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HUD ownership ensures a transparent, standardized sales process
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203K eligibility opens doors for renovation financing
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Two-story design offers functional and flexible living space
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Location in Clifton Forge supports long-term livability and demand
Properties like this are often overlooked by buyers seeking move-in-ready homes, which creates opportunities for those willing to invest effort and resources.
Important Buyer Notes
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Offers must follow HUD guidelines and be submitted according to instructions on HudHomeStore.com
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Buyers and agents should review all attached documents, including the property condition report
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School information should be independently verified
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Inspections and due diligence are strongly encouraged
Understanding the process and requirements is key to a smooth transaction.
Conclusion
This HUD-owned, two-story home in Clifton Forge represents an opportunity to purchase a property with significant renovation potential at an accessible entry point. While the home is being sold AS IS and currently has no working heat, these factors create room for value growth through thoughtful improvements.
With 203K eligibility, a transparent HUD sales process, and a location that supports long-term demand, this property is well-positioned for buyers who see potential beyond current condition. Whether you are looking to renovate and occupy, invest, or build equity over time, this Clifton Forge property offers the chance to turn effort and vision into lasting value.
Listed on Zillow