$245,000 · CHARLOTTE, NC 28205
Works for flippers · Landlords would lose money

Available

$245,000Asking price

3 bd · 1 ba · 1,016 sq ft · built 1958

CHARLOTTE, NC 28205

Contract on file

via InvestorLift Classic

27 views · listed a day ago

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $350,000
Asking price: −$245,000
RepairsMiddle of the seller’s $20,000 – $30,000. Ours: $14,500 – $30,000: −$25,000
Loan, holding, closing20% down, 12% interest, 2 points, 70 days: −$26,281
Profit15.3% of ARV · flippers want 10%+: $53,719
Works

Works for a flipper up to $262,000.

AMERICAS BEST REI LLC

Noah Clark

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 $253,000.

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.

AMERICAS BEST REI LLC

Noah Clark

No reviews yet

Seller Description

OVERVIEW

Located in an established Charlotte neighborhood, this 3 bed, 1 bath brick home presents a strong investment opportunity with significant upside potential. The property is currently tenant occupied, with the tenant expected to vacate at the end of the lease term. Reportedly in good overall condition, the home only needs approximately $20,000-$30,000 in cosmetic updates to reach its full value. With an asking price of $245,000 and an estimated ARV of around $350,000, investors have the opportunity to capture substantial equity through a light renovation. Ideal for both fix-and-flip and buy-and-hold strategies, this property offers strong resale potential and long-term rental appeal. Conveniently located near shopping, dining, employment centers, and major roadways, this is a rare chance to acquire a value-add asset in a desirable Charlotte market with a clear path to increased returns.

PROPERTY CONDITION

Roof: Age Unknown. Reported to be in good working condition with no known active leaks or major issues.
HVAC: Age Unknown. System is operational and functioning properly according to seller.
Plumbing: Age Unknown. Plumbing is in working condition with no known leaks or drainage issues.
Electrical: Age Unknown. Electrical system is functional and in working condition. Older breaker panel present.
Foundation: Likely crawl space. No known structural concerns reported; foundation appears stable and functional.
Interior: Overall good condition. Property primarily needs cosmetic updates including paint, flooring, fixtures, and other light value-add improvements. Estimated rehab: $20,000-$30,000.
Other Property Details: Windows, driveway, water heater, exterior, and major mechanical components are reported to be functional. No known major deferred maintenance items. Property presents as a light cosmetic rehab opportunity with strong rental or resale potential.

COMPS

5000 Erickson Rd, Charlotte, NC 28205- sold for $370k in May 2026 | 3/1 bed/bath | 1098 sqft
1527 Woodhill Ln, Charlotte, NC 28205- sold for $400k in July 2026 | 3/1 bed/bath | 1157 sqft
5423 Lantana Ave, Charlotte, NC 28205- sold for $341k in July 2026 | 3/1 bed/bath | 1040 sqft

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