Cash Flowing High Point Sub 2

Guilford County, High Point, NC, 27265
Sold
Listed at: January 25th, 2024
Price
$175,000
ARV
$265,000
Gross Margin
$90,000
Sq. Footage
1557
Type
Single-Family
Parking
Driveway
Year build
1977
Lot size
0.92 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

This inviting single-family home at 700 Castle Oaks Dr in High Point, NC, is a perfect blend of comfort and space. Built-in 1977 and renovated in 1995, it offers 3 bedrooms, 2 full baths, and a cozy fireplace, spread over 1,532 sq ft of living space on a generous 0.92-acre lot.

Sub2 Option:

  • Entry Fee Purchase Price: $50,000
  • Mortgage is Current
  • Mortgage: $645
  • Fair Market Rent $1750
  • PITI: $850
  • 3.5% Interest Rate700
  • Property Taxes: $103/month
  • Homeowners Insurance: $30/month

Purchase Option

  • ARV: $250,000
  • Renovations: $50,000
  • Asking: $180,000

🔍 Highlights:

  • 🛌 3 Bedrooms & 🛁 2 Bathrooms
  • 🏡 Living Space: 1,532 sq ft
  • 🚗 Finished Garage: 576 sq ft
  • 🔥 Fireplace
  • 🌳 Lot Size: 0.92 Acres

📚 Nearby Schools:

  • Shadybrook Elementary School
  • Ferndale Middle School
  • High Point Central High School

🏠 Property Specs & Condition:

  • 🛠️ Year Built: 1977 (Renovated in 1995)
  • 🏗️ Construction: Aluminum/Vinyl Exterior
  • 📐 Foundation: Continuous Footing
  • 🌡️ Heating: Forced Air, Electric
  • ❄️ Air Conditioning: Central
  • 🏠 Building Quality: Good
  • 📐 Lot Square Footage: 40,075 sq ft
  • 🌐 Zoning: RS-40 (Residential, Multi-Family, Commercial)

The House needs some work. It needs a new roof and new AC

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

Jamie Findlay

No reviews

Disposition manager