fixer-upper

[fik-ser-uhp-er]
noun Informal.
1.
a person who is handy at making repairs.
2.
a rundown dwelling offered at a bargain price and suitable for improvement by a new owner, often with the object of resale at a considerable profit.

Origin:
fix up + -er1, pleonastically suffixed to both words

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
He bought a fixer-upper and got the necessary permits to basically rebuild the house and it has taken him a long time to do it.
Our thanks go out to everyone involved in this gigantic programmatic fixer-upper.
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