Walkthrough Video
Summary
| Total After Repair Value | $130,000+ |
| Total Optimized Rent | $900 |
| Total Current Rent | Vacant |
| Starting Price | $55,000 |
| Buy it Now Price | $60,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 2409 Wilkes Street | High Point | 2 | 1 | 888 | .19 | $130,000 | Vacant | $900 |
Comparables
| Subject | City | Comp Link |
| 2409 Wilkes Street | High Point | Click Here |
Details
| System | Notes |
| Roof | New |
| Heating | Gas – No reported issues but system appears old |
| Air Conditioning | Central – No reported issues but system appears old |
| Plumbing | No Reported Issues |
| Electrical | 200 Amp |
| Windows | Vinyl |
| Subfloor | Laundry/Mudroom subfloor needs to be completely replaced |
| Water Heater | Electric – Replace |
| Water Source | City |
| Sewer Source | City |
Description
Great investment opportunity in the quietly appreciating High Point market. Comparable homes in this area are selling for 130k after renovations. Roof was replaced in the last few years as well as the siding. This house will need a full interior renovation to bring 130k or it can be kept as a rental with minimal work if you prefer to cash flow it. Per the seller there is a shed in the backyard covered by the overgrowth. Subfloor in the mudroom at the back door need to be replaced and there is a tree at the front of the house that may be affecting foundation. The home seems solid for the most part but that is something you will want to assess and address sooner than later. There are no active houses on the MLS for under 60k so don’t miss this opportunity. It 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.