Summary
| Total After Repair Value | $180,000 |
| Total Optimized Rent | $1,300 |
| Total Current Rent | Vacant |
| Asking Price | $105,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 2209 Westover Drive | Reidsville | 3 | 1.5 | 1,369 | .46 | $180,000 | Vacant | $1,300 |
Comparables
| Address | City | Comp Link |
| 2209 Westover Drive | Reidsville | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-41993516863&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
Details
| System | Notes |
| Roof | Flat Shingle – Front side looks close to end of life |
| Heating | Electric Baseboard Heat |
| Air Conditioning | Window Units |
| Plumbing | Good condition, no reported issues |
| Electrical | Good condition, no reported issues |
| Windows | Wood, Good condition |
| Occupancy | Vacant |
| Water Heater | Good condition, no issues reported |
| Water Source | City |
| Sewer Source | City |
Description
Great home that can be flipped for profit or touched up and rented out for cash flow. Flooring is solid throughout, mostly cosmetic work needed depending on your strategy. There aren’t really any completely renovated homes that have had the entire house renovated so the comps are around the mid to upper 100k range but the ARV can probably be pushed much higher if full reno is done including kitchen and baths. If you don’t want to do a full reno you can do a cosmetic rehab and sell to an end buyer for profit. A similar property in similar condition just sold for 115k cash in 1 day.
Showings
Showings available upon request. A walkthrough video is below.
Video Walkthrough
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
$1,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE WITH CONTRACT
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.