9 Babbitt Ct, Elmsford, NY 10523

FIX & FLIP FIX & HOLD INVESTMENT OPPORTUNITY FUTURE DEVELOPMENTnnRare opportunity for investors, flippers, and owner-builders in the desirable Riverside Manor neighborhood of Elmsford, within the Town of Greenburgh.nnBuilt in 1937, this single-family home presents a unique opportunity to renovate, reposition, and create significant value. Whether your strategy is Fix & Flip, Fix & Hold, or creating your dream home, this property offers an exciting path for an investor looking for a project with substantial potential.nnA major advantage is that the property is enrolled in a federally funded elevation project through FEMAs Hazard Mitigation Grant Program (HMGP Project #4480-0076). $197,000 Federal funding has been approved to raise the structure and elevate the home two feet above the Base Flood Elevation (BFE). The project is expected to be managed through the Town of Greenburgh, with licensed design professionals and contractors overseeing the engineering and construction process.nnThe existing home features a one-story frame design with crawlspace construction, making it well suited for the planned elevation project. An active National Flood Insurance Program (NFIP) policy with $250,000 in building coverage is currently in place and may be eligible for transfer, subject to applicable requirements.nnINVESTOR HIGHLIGHTSnn* Fix & Flip potentialn* Fix & Hold / rental investment opportunityn* Opportunity to renovate and substantially improve the propertyn* FEMA-funded elevation p