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An East Hampton "Handyman Special" For $875K

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For those looking for a fixer-upper that's got some potential (meaning: It's not a teardown), please direct your attention to this $875K offering from Corcoran. Set on .64 acres right next to a horse farm, the property comes with three structures. The main residence dates back to the 1920s, offers two bedrooms, a cozy little front porch, and the opportunity to unleash your inner Bob Vila. There's also a one-bedroom cottage with a kitchen and living room. A studio with its own kitchen completes the trio. Looking at the listing photos, it's obvious this is a major project, but it's one that might actually be worth the effort (and investment) once all is said and done. Thoughts?
· Listing: 55 Floyd Street (aka 51, 53 and 55 Floyd Street) [Corcoran]