Fixer upper alert! This home needs some work but would make a great rental or primary residence once remodeled! This home and it's large 0.80-acre lot are ready for some TLC! Schedule a showing and come see this beauty today!! This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.