305 Mandalay Dr REDUCED $25, 000. This Lakewood property is a great opportunity, especially with the recent $25, 000 reduction. It has been through probate and is now ready for new ownership. The home features well-maintained essentials like a new roof, windows, HVAC, and a home generator. While the interior and exterior are primed for a complete makeover, the property boasts a spacious corner lot that is fully fenced. Additionally, there's a two-story detached garage, which includes a two-bedroom, one-bath apartment above it—ideal for rental income or accommodating extended family and guests. This offers plenty of possibilities for investors or those considering a rehab loan.