Video Walkthrough (Units A,B & C)
Summary
| Total After Repair Value | $170,000 |
| Total Optimized Rent | $2,100 |
| Total Current Rent | Vacant |
| Starting Price | $65,000 |
| Buy it Now Price | $70,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 1201 24th Street NE | Winston Salem | 3 | 3 | 1767 | .23 | $170,000 | $0 | $2,100 |
Comparables
| Address | City | Comp Link |
| 1201 24th Street NE | Winston Salem | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-46446242791&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
Details
| System | Notes |
| Roof | Flat Shingle – Replace |
| Heating | Forced Warm Air – Unknown Condition |
| Air Conditioning | Window Units |
| Plumbing | Unknown, was tenant occupied until recently |
| Electrical | 100 Amp |
| Windows | Vinyl |
| Subfloor | Warped/sloped in multiple places/Tree may be causing issue on the right side of the house |
| Water Heater | Unknown – May be in the crawlspace |
| Water Source | City |
| Sewer Source | City |
Description
Great opportunity to cash flow or flip this home! Triplex with two units on the bottom and one upstairs. Each unit has its own kitchen, bathroom, bedroom and livingroom. One bedroom apartments of this style rent for $700/month after renovation. This will allow you to bring in $2,100/month on one property! Houses with this square footage sell for 170K+ as single family homes if you would rather transform it back into a single family. Please note the house is zoned single family. Duke Energy says there are 3 meters that can be serviced but we only saw 2 boxes at most, one of which does not have a meter.
Offer Process
Highest and best offer wins, beat the competition by choosing to “Buy it Now” at the listed ‘Buy it Now’ Price
Showings
Contact Robert for showings 704-707-6945. Video walkthrough available.
Disclosures
PROPERTY IS ZONED SINGLE FAMILY RESIDENTIAL BUT MAY BE GRANDFATHERED IN.
SELLER IS A LICENSED REAL ESTATE AGENT
BUYERS TO PAY SELLER’S CLOSING COSTS
$2,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE ONCE UNDER CONTRACT
TITLE IS CLEAN