Heating and Air – Brand new, installed this month
Roof – Brand new, replaced late 2020
After Repair Value – $120,000
Great quality home in Winston Salem. Flooring is solid, hardwoods throughout, laminate in kitchen and bathroom. Currently rented at $595/month to a quality (month to month) tenant that has lived there for 10+ years and would like to remain in the home. A new roof was installed in 2020 and we just installed a brand new heat pump which means electric heat and now the home has A/C. Between a tenant with a great payment history and the brand new major systems this is the perfect, stress free property to add to your portfolio.
This can continue as a rental or it can be a flip. Rental rate could be increased if desired, we believe the current tenant could pay $700-$800 if given the opportunity. If you decided to renovate the property and rent to a new tenant you could probably get around $1,000/month.
As a flip the ARV is around 120K, there is a comp link attached to this listing. This property has quality hardwood floors that just need to be refinished, the kitchen and bathroom would need to be remodeled but given the size of the property it would not cost much to get this done. Exterior curb appeal work is also recommended. This property has a screened porch and a spacious front and back yard which truly set the property apart from the competition Don’t miss this opportunity to secure this great deal before it’s too late!
| Comp Link: https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-34185417553&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20=
ASSIGNMENT OF CONTRACT, CASH 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
$1,000 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. |