Summary
| Total After Repair Value | $200,000 |
| Total Optimized Rent | $1,500 |
| Total Current Rent | $0 |
| Asking Price | $65,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 2276 Cid Road | Lexington | 3 | 2 | 1,833 | 1 | $200,000 | $0 | $1,500 |
Comparables
| Address | City | Comp Link |
| 2276 Cid Road | Lexington | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-41338903602&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
Details
| System | Notes |
| Roof | New Metal Roof |
| Heating | Oil |
| Air Conditioning | Window Units |
| Plumbing | Good condition, no reported issues |
| Electrical | Good condition, no reported issues |
| Windows | Wood windows, good condition |
| Occupancy | Tenant Occupied – Moving |
| Water Heater | Good condition, no issues reported |
| Water Source | Well |
| Sewer Source | Septic |
Description
Large ranch style home on an acre of land. House is heated by an oil furnace. 3 bedrooms and a bonus room that can be used as a 4th bedroom if rented. Foundation repair needed in large sections of the house. Report from Tarheel Basement company available upon request. Rural area and house sits on an acre of land so there aren’t many close comps but houses in the area tend to sell fast even without being fully renovated. ARV can probably be pushed up if fully renovated.
Showings
Reach out to schedule a showing
Video Walkthrough
https://youtube.com/shorts/lqDpgdcKRNc?feature=share
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 AFTER VIEWING
TENANT OCCUPIED, DO NOT DISTURB
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.