🤑$70k Profit on this Fix/Flip in a great High Point Neighborhood🏡

Attention real estate investors: Prime opportunity awaits in High Point, NC! This conveniently located home, just minutes from High Point University and downtown attractions, promises both comfortable living and lucrative rental potential in one of the city's most sought-after neighborhoods.

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ASKING PRICE: $130K

ARV: $230K
PREFERRED LENDER LINK 

Perfect For:

🛠 Fix/Flip

(Purchase Price) $130K + (Rehab) $30k = (Total Investment) $160k

(ARV) $230k - (Total Investment) $160k = (Gross Profit) $70k 

ARV Comps:

1505 Delk Dr, High Point, NC 27265 - SOLD $234k

(Simple Rehab Sold FAST)

1711 Carolina St, High Point, NC 27265 - PENDING $229k

(Simple Rehab Pending FAST)

🚪 Buy & Hold Rental

(Purchase Price) $130K + (Rental Rehab) $15k = (Total Investment) $145k

(Rent Rate) $1300/mo

Rental Comps:

1759 Lamb Ave, High Point, NC 27260 - $1300/mo

1503 E Green Dr, High Point, NC 27260 - $1300/mo

Property Overview:

🛏 3 Bedrooms

🛁 1.5 Bathroom

📏 1146 sqft of potential

📅 Built in 1969

Property Details:

🧱Exterior: Solid brick ranch


🏠Roof: Solid with no leaks

🪠Utilities: Breakers in service panel and copper plumbing throughout

💦Hot Water Heater: NEW

🥵New furnace

Additional Insights:

🚀 Area: Many flips pending, close proximity to University for rental

🕒 History: Section 8 tenant

🚧 Attention Required: Cosmetic updates 

🔄 Vacancy: Currently tenant occupied will be delivered vacant 

PLEASE CALL TO SCHEDULE SHOWINGS

919-646-9714

TENTATIVE CLOSE DATE ON OR BEFORE 06/4/2024