1579 New Hope Church Rd in Apex, NC is an off market single family opportunity in one of the strongest submarkets in the Triangle. The property is being offered at $150,000 and carries an after repair value of $250,000, with a maximum of $30,000 needed in work to get it there. That leaves a projected spread of roughly $70,000 before holding and closing costs, which is a strong margin for a light renovation in this price range.
HIGHLIGHTS
The asking price of $150,000 is a low entry point for Apex, where most inventory sits well above that level. The rehab scope is capped at $30,000, which means the work is cosmetic and light rather than structural or full gut. The ARV of $250,000 is supported by the surrounding market, and the numbers leave room for a buyer who is either flipping or holding as a rental.
WHY IT STANDS OUT
Apex consistently ranks among the most desirable places to live in the Raleigh area, with strong buyer demand, good schools, and steady appreciation. Finding a property under $200,000 in this market is uncommon, and finding one that only needs light work at that entry point is rarer still. The spread of roughly $70,000 on a $30,000 rehab means the deal works even if the repair budget runs over, which is the kind of cushion that makes a project safe rather than speculative.
MY CONTACT INFORMATION
Brazos | 336-770-2965
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $250,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $458,000.