$120,000 · MOUNT GILEAD, NC 27306
Tight for flippers

Available

$120,000Asking price

3 bd · 1.5 ba · 2,048 sq ft · built 1940

MOUNT GILEAD, NC 27306

No contract on file

via InvestorLift Classic

Listed Oct 26

Tight for flippers

The Numbers

Sells for (ARV)From the listing: $200,000
Asking price: −$120,000
RepairsMiddle of the seller’s $40,000 – $80,000. Ours: $25,500 – $53,500: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$14,171
Profit2.9% of ARV · flippers want 10%+: $5,829
Tight

Works for a flipper at $106,000 or less.

OFFERPROP LLC

OfferProp

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Comps

ARV $200,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $22,000.

The sales behind this value are shown to members.

ARV $200,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

OFFERPROP LLC

OfferProp

No reviews yet

Seller Description

MT GILEAD, NC FIX & FLIP / BUY & HOLD | MOSTLY RENOVATED | STRONG UPSIDE

Asking Price: $120,000Estimated ARV: $200,000 - $235,000Closing: November 25, 2026

Vacant second home that's mostly renovated and ready for a buyer to take it across the finish line. Big square footage, solid bones, and key mechanicals already updated - this one pencils well for a flip or long-term hold.

Property Snapshot

Property Type: Single FamilyBedrooms / Bathrooms: 3 Bed / 1.5 BathLiving Area: 2,048 Sq Ft

Condition Overview

Newer roof (2020) and central HVAC (2020) already in place - two of the biggest ticket items are done. Plumbing line was repaired in 2022. New kitchen cabinets and washer/dryer hookups installed. Hardwood floors need finishing or covering in some rooms. One shower needs tiling, toilet is on-site and needs installation, and one ceiling corner needs inspection. Light finish work remaining - buyer to verify scope.

Why This Deal Works

- Mostly renovated - major systems already updated- 2,048 sq ft gives strong ARV upside in this market- New roof, HVAC, and plumbing already addressed- Finish work only - no major demo or gut needed- Vacant and ready for immediate access

Ideal for: Fix & Flip, Buy & Hold, BRRRR

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Disclosure: We are marketing our equitable interest in a Purchase and Sale Agreement. We are not the owners of the property, and this is not an offer to sell real estate. OfferProp participates in transactions as a principal, JV participant, or contractual interest holder where permitted. We do not act as a real estate broker, agent, or fiduciary unless expressly agreed in a separate, written, licensed brokerage agreement. Many opportunities involve assignment, novation, double closing, or other transfers of contractual rights or equitable interests, not the sale of real property by OfferProp LLC. Availability of services and required disclosures vary by state, property type, and transaction structure. No outcome, offer volume, pricing, or closing is guaranteed.