405 Michael Street Reidsville, NC 27320 Assigned

  • $22,000
  • 1 beds
  • 1 baths
  • 832 sqft

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Video Walkthrough

405 Michael Street Walkthrough

Summary

Total After Repair Value Buy and Hold
Total Optimized Rent $800
Total Current Rent Vacant
Starting Price $17,000
Buy it Now Price $22,000

 

Property

Address City Bedroom Bathroom Sqft Acres ARV Current Rent Optimized Rent
405 Michael Street Reidsville 1 1 832 0.09 $ $0 $800

 

Comparables

Address City Comp Link
405 Michael Street Reidsville Buy and Hold

 

Details

System Notes
Roof Metal Roof – Replace
Heating Baseboard
Air Conditioning Window Units
Plumbing Not updated, owner says sometimes it backs up
Electrical 100 Amp – No reported issues
Windows Wood
Subfloor Seems solid throughout but there is an active roof leak that will compromise the subfloor if not fixed
Water Heater Electric
Water Source City
Sewer Source City

 

Description

20% plus ROI potential! Kitchen and bathroom have been updated. The roof needs to be replaced and drywall/paint is needed as well. Owner is a contractor so the house is in decent condition minus the leaking roof. This house can be made rent ready with minimal work that a buyer/investor of any level should be able to handle.

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. Walkthrough video 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.

Price:
$22,000
Address:
405 Michael Street
Reidsville, North Carolina 27320
Square Feet:
832
Lot Size:
.09
Bedrooms:
1
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1922
Const. Type:
Site Built

Call 336-810-0206 for more details

Property Location