Summary
| Total After Repair Value | $190,000+ |
| Total Optimized Rent | $1,550 |
| Total Current Rent | $0 |
| Starting Price | $95,000 |
| Buy it Now Price | $100,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 922 Borders Terrace | Greensboro | 4 | 3 | 1,305 | .26 | $190,000 | $0 | $1,550 |
Comparables
| Subject | City | Comp Link |
| 922 Borders Terrace | Greensboro | Click Here |
Details
| System | Notes |
| Roof | No Leaks but needs replacing soon |
| Heating | Central – Around 5 yrs old |
| Air Conditioning | Central – Around 5 yrs old |
| Plumbing | Updated but evaluate drain system |
| Electrical | Updated but evaluate certain outlets per tenant |
| Windows | Wood – Decent but replace to achieve ARV |
| Subfloor | Solid Throughout |
| Water Heater | No issues reported |
| Water Source | City |
| Sewer Source | City |
Description
Investment opportunity perfect for all levels of experience. New construction only a half mile away. A full renovation should bring 190k if not 200k+ depending on the finishes. Minimal work will be required to be a rental with equity. This house could be listed on the market and sold for profit as is. 1002 Arbor Drive sold for 117k cash as is in worst condition than this house and the curb appeal on Borders Terrace is much better. This house could probably sell for 120k+ as is on market after tenant has vacated. HVAC around 5 years old. No roof leaks reported but it will need replacing soon. Plumbing line probably needs to be cleared and a new pump may need to be installed for the basement sewage line. Tenant not paying rent currently but said she is looking for a new property to move into.
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
NO SHOWINGS WITHOUT ACCEPTED OFFER, EMD NOT DUE UNTIL AFTER INSPECTION.
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.