Fix & Flip or Develop into the home of your dreams engineered for the future. Rare opportunity to invest in the desirable Riverside Manor neighborhood of Elmsford within the Town of Greenburgh. This charming 1937 single-family home is enrolled in a federally funded elevation project through the Federal Emergency Management Agency's Hazard Mitigation Grant Program (HMGP Project #4480-0076). Federal funding has been approved to raise the structure and elevate the home two feet above the Base Flood Elevation. The project will be managed through the Town of Greenburgh with licensed design professionals and contractors overseeing the engineering and construction process. The home features a one-floor frame layout with crawlspace construction, making it well suited for the elevation project. An active flood insurance policy through the National Flood Insurance Program with $250,000 building coverage is currently in place and may be eligible for transfer. Conveniently located near all major commuting routes including Interstate 287, Interstate 87, and the Saw Mill River Parkway, with access to the Metro-North Railroad Harlem Line for travel to New York City. Enjoy nearby outdoor recreation at the Saw Mill River Greenway and the Greenburgh Nature Center. This unique opportunity is ideal for buyers seeking to renovate, invest, and create a future-ready home with approved elevation funding already in place. Explore the endless possibilities!