Located just moments from the heart of downtown Lipan and near the School, this charming 2-1 home with Large Bonus Room, features beautiful reclaimed hardwood floors, offering an exceptional opportunity for investors, DIY enthusiasts, or anyone looking to create a custom dream home! Positioned on a prime corner lot with a 15 x 20 flex space outbuilding and a huge backyard, the location provides the perfect balance of small-town charm and room to grow, play, or expand. The home itself is a semi-completed renovation, with a new roof, siding, windows, featuring upgraded plumbing and electrical, saving you time and heavy lifting on the initial phases while leaving a blank canvas for your personal design choices, finishes, and layout preferences. Whether you are looking to finish out a high-potential flip, a potential rental, or to customize your own primary residence, the bones and progress are ready for your vision. Bring your tools and your imagination to bring this unpolished gem to its full potential! Sold as-is. Schedule your showing today to explore the possibilities!