$70,000 $45,000

Great investment opportunity with multiple investment strategies depending on your niche:

1. Flip – ARV is around 150K based on the closest comps and comps with similar acreage.
2. Rental – Optimized rent would be around $1,000/month with this property. Tenants are not the cleanest but overall the property mainly needs cosmetic work with exception to the bathroom which we would suggest remodeling.
3. Build – This area already has multiple existing homes and the ARV for the older homes around 1200 sqft is 150K. The lot size of 1.78 acres allows plenty of room for new builds that can be sold for a premium. While you wait you can cash flow the existing house for income and wait until the values rise with your new builds to sell the existing house for an even higher profit. There is a huge demand for new builds in this market.

This house is a 2/1, the 3rd bedroom pictured is actually a dining area that connects the kitchen to the living room. Floors are sturdy throughout, the living room floor needs to be refinished. The kitchen has been updated, the water heater is new and the electrical panel has been upgraded to a 200 amp. The clutter makes it look worse than what it is but the only area we would definitely suggest remodeling is the bathroom or at least replacing the shower. Everything else is in decent-good condition.  The heating system is an oil furnace that is functioning, we are not sure of the age of the unit though. Roof appears to be in good condition, no sign of leaks on the walkthrough.

Close Comp link: https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-33455397214&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20=

Acreage Comp Link: https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-33455066817&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20=

Heat: Oil Furnace

A/C: Window Units

Water Heater: Electric, newer

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.