Total ARV – $1,220,000
Total Current Rent – $6,225
Total Optimized Rent – $10,750
Asking Price – $750,000 (Cash or Hard Money Only)
Properties
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 1722 E StadiumDrive | Eden | 2 | 1 | 1064 | 0.34 | $100,000 | $500 | $900 |
| 206 Bryan Street | Stoneville | 2 | 1 | 1212 | 0.72 | $90,000 | $500 | $900 |
| 602 Loftus Street | Eden | 3 | 2 | 1035 | 0.23 | $120,000 | $550 | $1,200 |
| 2799 NC 14 Hwy | Reidsville | 4 Doors | 5.77 | $300,000 | $2,050 | $3,000 | ||
| 112 Allison Street | Reidsville | 2 | 1 | 1140 | 0.3 | $120,000 | $500 | $900 |
| 903 Montgomery Street | Reidsville | 2 | 1 | 1016 | 0.15 | $120,000 | $500 | $900 |
| 705 Montgomery Street | Reidsville | 3 | 2 | 2464 | 0.23 | $150,000 | $550 | $1,200 |
| 507 Lawsonville Avenue | Reidsville | 2 | 1 | 816 | 0.21 | $80,000 | $475 | $750 |
| 604 E Morehead Street | Reidsville | 3 | 2 | 1355 | 0.21 | $140,000 | $600 | $1,000 |
Comparable Links
12 unit portfolio in the Triad area 28 minutes north of Greensboro. This portfolio consists of 10 single family houses and 1 duplex. 2799 NC 14 Hwy has a duplex and two single family homes on 5.77 acres of land (one house not pictured). All houses are tenant occupied and currently cash flowing well below market rent at $6,225/month. High quality flips and new construction are evidence of investor activity in the area however this is still the ideal time to get in this market. With record breaking sales prices and record low days on market, this market is no different than the rest of the state. As the Greensboro market continues to heat up this will be the logical move for forward thinking investors to get in early prior to the overflow. At a 1.22 million ARV and a purchase price of only 750K there is ample opportunity to generate quick profit by flipping the houses especially since many are in the same area. However sitting on the cash flow while the market works will make this portfolio even more lucrative in the future. We all know finding homes under 100K will be a thing of the past very soon even in North Carolina. By optimizing the rents you will be looking at a 10%+ cash flowing ROI and significant equity that has not been accounted for in that ROI percentage. Don’t miss this opportunity to take a significant stake in the next hot market before it’s too late!
ASSIGNMENT OF CONTRACT, CASH OR HARD MONEY ONLY, MUST CLOSE WITH OUR ATTORNEY, SELLERS DO NOT YET OWN, SELLERS ARE LICENSED NC REAL ESTATE AGENTS AFFILIATED WITH LEGACY REAL ESTATE SERVICES.
BUYERS TO PAY ALL CLOSING COSTS
$5,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE ONCE UNDER CONTRACT
TENANT OCCUPIED, DO NOT DISTURB, SHOWINGS ONLY AFTER ACCEPTED OFFER
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.