Opportunity awaits at 205 Lake Street in Mooringsport. Located just a short walk from the local boat launch and dock, this 2-bedroom, 1-bath lakeview property offers investors, flippers, and renovation-minded buyers the chance to transform a home in a desirable Caddo Lake area location. The property requires repairs and updates and is being sold AS-IS, making it ideal for buyers looking to build equity through renovation. A large pre-framed porch structure is already in place and ready to be screened, providing the potential for additional outdoor living space. The spacious lot offers ample room for boat, RV, trailer, or recreational vehicle parking, making this an attractive option for a future fishing camp, weekend getaway, rental property, or full-time residence. Enjoy easy access to boating, fishing, kayaking, and everything the Caddo Lake area has to offer while creating a property tailored to your vision. Whether you're an investor searching for your next project or a buyer willing to put in the work to create something special, this property offers location, potential, and opportunity. FHA 203(k) renovation financing may be available for qualified buyers seeking to finance both the purchase and improvements in one loan. Buyer to verify all information.