Video Walkthrough (Only a partial video)
Summary
| Total After Repair Value | $140,000 |
| Total Optimized Rent | $1,100+ |
| Total Current Rent | $600 |
| Starting Price | N/A |
| Buy it Now Price | $96,500 ($53,250 down, $43,250 Financed) |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 1722 Lamb Avenue | High Point | 3 | 1 | 929 | .15 | $140,000 | $600 | $1,100+ |
Comparables
| Subject | City | Comp Link |
| 1722 Lamb Avenue | High Point | Click Here |
Details
| System | Notes |
| Roof | New |
| Heating | Gas Pack – No reported Issues |
| Air Conditioning | Central – No reported Issues |
| Plumbing | No reported issues |
| Electrical | No reported issues |
| Windows | Vinyl |
| Subfloor | Solid Throughout |
| Water Heater | Electric – No reported issues |
| Water Source | City |
| Sewer Source | City |
Description
Great quality house only 3 minutes from High Point University! The house is in great condition and only needs cosmetic work for a flip or you can continue renting the property while watching your equity grow. Values will continue to rise in the High Point University Area. New construction homes are being built in the area and they sell in less than a week for around 165K. A fully renovated 2/1 built in 1946 sold for 159k in 9 days. Another comp sold for 137k without updates and without central A/C.
This house is in great condition with tile flooring in the kitchen, updated kitchen cabinets, central A/C, vinyl windows and a new roof. Tenant has been in place for 10+ years and has no complaints. She is month to month at $600/month and would like to stay if possible even at a higher rate.
Seller finance terms are $53,250 down and $43,250 financed at 6% amortized over 10 years with a balloon in 5 years (Assignment Fee Included). This allows you to stretch your money and cash flow the property as values continue to increase. In 5 years there’s no telling how high the prices will be in this area.
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.