Any home that is below $200K needs work to be done. Currently, there are a few homes that are listed below $200K but they do need work. Location wise, you will have to look at it for yourself if it is something that you will be interested in.
So the answer is "yes" there are homes, BUT it comes with plenty of work to be done. If you are not afraid to do work and you have previous experience renovating, then there is equity to be gain from doing the work.