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$580,000 · TOBACCOVILLE, NC 27050
Works for flippers · Landlords would lose money

Available

$580,000Asking price

5 bd · 4.5 ba · 4,121 sq ft · built 1995

TOBACCOVILLE, NC 27050

No contract on file

via InvestorLift Classic

2 views · listed Oct 9

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,000,000
Asking price: −$580,000
RepairsMiddle of the seller’s $85,000 – $120,000. Ours: $164,500 – $274,000: −$102,500
Loan, holding, closing20% down, 12% interest, 2 points, 101 days: −$72,087
Profit24.5% of ARV · flippers want 10%+: $245,413
Works

Works for a flipper up to $715,000.

ALEMAY REALTY INC

Roberto CId Del Prado

No reviews yet

Comps

Sales

Rents

ARV $1,000,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $1,000,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ALEMAY REALTY INC

Roberto CId Del Prado

No reviews yet

Seller Description

xxxx92 Fisher Rd, Tobaccoville, NC 27050

UNIQUE investment opportunity featuring OVER 6.11 acres of land, a MASSIVE cabin/castle-style main house, and 4 additional houses with redevelopment potential.

The main residence offers impressive rustic craftsmanship, soaring vaulted wood ceilings, exposed timber beams, a dramatic open living area, an upper-level balcony overlooking the main floor, stone accents, and a beautiful stone fireplace. The interior also features custom stonework and tiled bathrooms that give the property a distinctive mountain lodge atmosphere.

The property's wooded surroundings, open grounds, and multiple structures create an excellent opportunity for investors looking to develop a unique hospitality, vacation rental, or private event destination.

PROPERTY DETAILS

$1Million Dollars + POTENTIAL ARV

6.11 Acres of land with wooded surroundings and open areas

Main House: Approximately 4,121 Sq Ft

5 Bedrooms / 4 Full Bathrooms

Potential to expand to 6 bedrooms, subject to septic capacity and required approvals

Custom log cabin with castle-style stone tower

High vaulted ceilings, exposed wood beams, and upper-level balcony

Large open-concept living and gathering spaces

Rustic stone fireplace and custom interior details

4 Additional Houses located throughout the property

Private setting with significant outdoor space

"REHAB & INVESTMENT POTENTIAL"

MAIN HOUSE: Primarily cosmetic renovations needed to update and enhance the existing structure while preserving its unique architectural character.

4 ADDITIONAL HOUSES: Require complete renovations. These structures offer potential for additional guest accommodations, vacation rentals, or long-term rental units, subject to inspections and local approvals.

POTENTIAL BUSINESS OPPORTUNITIES

Airbnb / Short-Term Rental Compound: Main residence plus additional guest cabins
Cabin Getaway Retreat: Develop a private vacation destination surrounded by nature
Wedding & Event Venue: Utilize the unique architecture and spacious grounds for private celebrations
Corporate Retreats: Accommodations and gathering spaces for group experiences
Boutique Hospitality Business: Create a distinctive lodge-style rental destination
Multiple Rental Properties: Potential to renovate the additional houses for separate rental income

Hospitality or Business Development

INVESTORS & DEVELOPERS: This is not your typical fix-and-flip. This property offers multiple potential income streams and a unique opportunity to create a destination-style business.
All proposed uses, additional bedrooms, and rental units are subject to zoning, permits, septic capacity, and applicable regulations.
Serious investors only. Contact us for additional details, photos, and showing opportunities.

Roberto Prado (336) 908-2630

Alejandro Grundseth (336) 423 - 6427