šŸ˜ Fix nā€™ Flip in Fayetteville at 37% of ARV šŸ˜

Cumberland County, Fayetteville, NC, 28305
Sold
Listed at: October 18th, 2023
Price
$55,000
ARV
$150,000
Gross Margin
$95,000
Sq. Footage
1143
Type
Single-Family
Parking
Unassigned
Year build
1958
Lot size
7405.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

šŸ¤‘ ARV: $150k +/- šŸ¤‘

Repairs Level: Moderate ā€“ Heavy

Market Rent: $1,300/mo

šŸ’Ž Potential High Returns šŸ’Ž

Key Features:

  • Potential Profits: This property is priced at a remarkable 37% of the After Repair Value, offering you the potential for substantial profits upon renovation and resale.
  • Solid Construction: Built with concrete blocks, this home provides a sturdy foundation, offering excellent durability and potential for creative renovation ideas.
  • Rehabilitation Needed: The property requires a full rehab, allowing you to customize the interior and exterior to meet current market demands and trends.
  • Upgrades Required: The central AC unit is over 10 years old, presenting an opportunity to install a new, energy-efficient system. The roof, between 8 to 10 years old, might need minor repairs or a replacement for optimal resale value.
  • Utilities: Connected to city water and sewer lines, ensuring hassle-free utility connections during the renovation process.
  • Heating: Currently heated with oil, providing flexibility for alternative heating solutions, potentially increasing energy efficiency.
  • Flood Zone: Not in a flood zone, offering peace of mind and reducing insurance costs.

Financing Available - Click Here!

PID # 61795

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Sergio Santa

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