Walkthrough Video
| Total After Repair Value | $130,000 |
| Total Optimized Rent | $1,100 |
| Total Current Rent | Vacant |
| Starting Price | $47,000 |
| Buy it Now Price | $50,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 1220 Pearson Place | High Point | 3 | 1 | 960 | .13 | $130,000 | Vacant | $1,100 |
Comparables
| Subject | City | Comp Link |
| 1220 Pearson Place | High Point | Click Here |
Details
| System | Notes |
| Roof | Replace |
| Heating | Appears to be gas heat, unit in crawl space – Probably Replace |
| Air Conditioning | Duct work in crawl space – Add A/C Unit |
| Plumbing | Needs work |
| Electrical | 100 Amp |
| Windows | Replace |
| Subfloor | Kitchen and bathroom need attention, solid throughout except in areas where there seemed to be a leak ( mainly by the water heater) |
| Water Heater | Electric – Replace |
| Water Source | City |
| Sewer Source | City |
Description
There are no houses on the market for under 60k in High Point, don’t miss this deal as it may be the last one you ever see in this price point. This is one of the few remaining boarded up houses in an area that was previously filled with them. Investors have swept through the area doing new builds and full renovations that are selling for 140k+ for 2 bedrooms with 1 bath. As a 3 bedroom 1 bath built in 1991 you have the opportunity to surpass those numbers but we will conservatively call ARV 130k for now. Even at 130k there is more than enough room to make your money on this deal. This deal is perfect if you want to fix and flip for profit. It also works great as a fix and rent/refinance with rental rates for 3 bedrooms going north of $1,000/month. Property could use a full renovation but don’t let the boards fool you, this house is actually in decent condition and could be made rent ready with less than a full renovation if that is your strategy. This won’t last long!
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
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 SELLER’S CLOSING COSTS
$2,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE ONCE UNDER CONTRACT
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.