TIPPECANOE COUNTY, Ind. (WLFI) — If you are looking for a deal on a fixer-upper, Tippecanoe County is selling five abandoned properties at a public auction this week.
New state legislation allows the county to sell the property at actual cost as the minimum bid.
County Auditor Bob Plantenga said the properties should start out just under $500. The winning bid above that number will receive a deed to the property.
Mark Watson lives down the street from one of the properties up for sale. He said if he could, he would buy the house and fix it up himself.
“There’s some nice houses in this area and that’s not a bad deal,” Watson said. “It’s sad to see that it’s abandoned, but who knows what the future holds for it.”
Lafayette real estate investor Steve Haby isn’t looking to buy the five properties the county is auctioning off Wednesday.
“I have enough work without looking for work right now,” said Haby.
But he said the auction is a great opportunity for someone starting out in the business.
“Especially, with values and the economy in Lafayette, you’ll probably make out very well if you’re in it for the long haul,” said Haby.
Afterall, Rome wasn’t built in a day and most homes, like the one Haby is currently working on, take time to fix up.
“Somebody took a sledge hammer and just took part of the vanity out,” said Haby as he showed News 18 one of his fixer-uppers.
Watson is glad people like Haby invest in abandoned or foreclosed properties. He’s excited to see someone moving into the one on his street.
“Good luck to whoever gets it,” said Watson.
The auction will start at 2 p.m. Wednesday at the Tippecanoe County Office Building in the Tippecanoe Room. The event is open to the public.
If you would like to check out the properties up for sale, here is a full list up for auction.