$85,000 · MARS HILL, NC 28754
Works for flippers · Works for landlords

Pending

$85,000Asking price

1 bd · 1 ba · 576 sq ft · built 1948

MARS HILL, NC 28754

No contract on file

via InvestorLift Classic

Listed Sep 24

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $350,000
Asking price: −$85,000
RepairsMiddle of the seller’s $50,000 – $100,000. Ours: $26,000 – $43,500: −$75,000
Loan, holding, closing20% down, 12% interest, 2 points, 90 days: −$16,422
Profit49.6% of ARV · flippers want 10%+: $173,578
Works

Works for a flipper up to $214,000.

PRIME PARTNER REALTY

Will Spilt

No reviews yet

Comps

Sales

Rents

ARV $350,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $95,000.

The sales behind this value are shown to members.

ARV $350,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRIME PARTNER REALTY

Will Spilt

No reviews yet

Seller Description

OFF-MARKET | LAND + REDEVELOPMENT OPPORTUNITY | CASH BUYERS

We just secured this 2.5-acre property in Mars Hill, NC and are making it available to investors looking for a larger parcel with existing infrastructure.

PROPERTY HIGHLIGHTS

2.5 Acres
Complete Teardown
Septic Already in Place
Private Well
Electrical Already in Place
Off-Market Opportunity
Potential for redevelopment or a new construction project

This is a land/redevelopment play, not a traditional renovation opportunity. The existing structure is considered a complete teardown, allowing the right investor to focus on the land and development potential.