Two house rental package: a 3 bed / 2 bath main house (1,360 sq ft, built 1941) and a 3 bed / 1 bath back house (smaller; not on the tax record, per seller) on one 1.67 acre parcel in Rockingham, NC. Both houses are tenant-occupied, month-to-month. Sold as is for cash or hard money.
CONDITION AND UPDATES
Main house: no water damage, mold or pests seen; some odor; needs cleaning and cosmetic work. Back house interior to verify at walkthrough (photos of the back house on request)
Metal roofs about 10 years old (seller-stated)
AC about 5 to 6 years old (seller-stated); back-house electrical panel new (seller-stated)
Separate water, sewer and electric meters for each house (seller-stated)
Detached block building with power and water
INVESTMENT POTENTIAL
Current rent: about $1,500 a month combined in place ($900 + $600), month-to-month, per seller, not a lease
Hold both as rentals with rents below market, or raise rents as the month-to-month tenants turn over
ACCESS AND NEXT STEPS
Tenant-occupied; walkthroughs by appointment with notice
$1,000 EMD. Buyer to do their own due diligence. Sold as is.
Drew Whitman, Elevate Real Estate | 304-380-6154 | drew@elevatebuyers.com
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ARV $250,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $31,000.
