🏚️$70k Profit in this Mooresville Fix & Flip🏡

Attention real estate investors: Excellent Location Close to Restaurants & Shopping w/Easy Access to I-77 & Award Winning Schools. Tons of potential for profit in a great neighborhood of Moorseville.

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ASKING PRICE: $160K

ARV: $300K
PREFERRED LENDER LINK 

Perfect For:

🛠 Fix/Flip

(Purchase Price) $160K + (Rehab) $70k = (Total Investment) $230k

(ARV) $300k - (Total Investment) $230k = (Gross Profit) $70k 

ARV Comps:

453 Hager Lake Rd, Mooresville, NC 28115 - SOLD $318k

(Simple Rehab)

325 Cabarrus Ave, Mooresville, NC 28115 - SOLD $252k

(Simple Rehab Sold FAST)

👀 Buy With Equity

(Purchase Price) $160K

Cash Comps:

313 Dingler Ave, Mooresville, NC 28115 - SOLD $183k

(Sold Fast For Cash)

345 W Lowrance Ave, Mooresville, NC 28115 - SOLD $170k

(Dated Condition Sold Fast For Cash)

🚪 Buy and Hold

(Purchase Price) $160K + (Rental Rehab) $30k = (Total Investment) $190k

(Current Rent Rate) $1600 - $1700/mo

Rental Comps:

135 E Wilson Ave, Mooresville, NC 28115 - Rent $1700/mo

(Apartment)

1127 Mecklenburg Hwy, Mooresville, NC 28115 - Rent $1450/mo

(Dated 2/2)

Property Overview:

🛏 3 Bedrooms

🛁 1 Bathroom

📏 1247 sqft of potential

📅 Built in 1927

Property Details:

🧱Exterior: Vinyl Siding


🏠Roof: Solid with no leaks

🪠Utilities: Breakers in service panel and copper plumbing throughout

💦Hot Water Heater: 10 Years Old

🥵Newer A/C Unit

Additional Insights:

🚀 Area: Many flips pending

🕒 History: Long Term Tenant 

🚧 Attention Required: Cosmetic updates & Roof

🔄 Vacancy: Currently tenant occupied will be delivered vacant 

PLEASE CALL TO SCHEDULE SHOWINGS

919-646-9714

TENTATIVE CLOSE DATE ON OR BEFORE 06/10/2024