$220,000 $201,000
Total ARV – $300,000
Total Optimized Rent – $3,100
Total Current Rent – $1,900
Asking Price – $201,000 (Cash or Hard Money Only)
Properties
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 909 Johnson Street | Reidsville | 3 | 1 | 1004 | 0.22 | $90,000 | $800 | $1,100 |
| 512 Price Street | Reidsville | 3 | 1 | 1264 | 0.16 | $130,000 | $650 | $1,200 |
| 1409 Hawkins Street | Reidsville | 2 | 1 | 768 | 0.15 | $80,000 | $450 | $800 |
Comparables
| Address | City | Comp Link |
| 909 Johnson Street | Reidsville | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-36077096479&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
| 512 Price Street | Reidsville | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-36077171118&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
| 1409 Hawkins Street | Reidsville | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-36077177072&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
3 house package in the Triad area 28 minutes north of Greensboro. Houses have been well cared for and can be retail ready with minimal work. All houses have new roofs and great quality vinyl/wood/tile flooring. Johnson and Price have replacement windows, central A/C and large fenced lots spacious enough for building if desired. Properties are in the condition such that rent can be optimized with the current tenants in place. Two of the properties have tenants that hoard but underneath all of their belongings are quality finishes in need of little to no work. Current owner always makes repairs to the properties as needed. All houses are tenant occupied and currently cash flowing well below market rent at $1,900/month. High quality flips and new construction are evidence of investor activity in the area however this is still the ideal time to get in this market. With record breaking sales prices and record low days on market, this market is no different than the rest of the state. As the Greensboro market continues to heat up this will be the logical move for forward thinking investors to get in early prior to the overflow. Finding homes under 100K will be a thing of the past very soon even in North Carolina. By optimizing the rents you will be looking at a 10%+ cash flowing ROI and significant equity that has not been accounted for in that ROI percentage. Don’t miss this opportunity to take a significant stake in the next hot market before it’s too late!
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 ALL CLOSING COSTS
$2,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE ONCE UNDER CONTRACT
TENANT OCCUPIED, DO NOT DISTURB, SHOWINGS ONLY AFTER ACCEPTED OFFER
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.