fixer upper

/ˈfɪksər ˌʌpər/
noun
  1. A house, apartment, or other property that is in poor condition and needs repairs or renovation, often bought at a low price.
    • They bought an old fixer-upper and spent a year remodeling the kitchen and bathrooms.
    • The house was a real fixer-upper, with leaky pipes and a broken roof.
    • Real estate investors often look for fixer-uppers to flip for a profit.