🌟Renovator’s Dream: Unlock Potential in Kannapolis's Hidden Gem!🌟

Rowan County, Kannapolis, NC, 28083
Sold
Listed at: April 1st, 2024
Price
$125,000
ARV
$205,000
Gross Margin
$80,000
Sq. Footage
1350
Type
Manufactured
Parking
Unassigned
Year build
2001
Lot size
10018.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Introducing a rare opportunity at Rowan County, a property brimming with potential, nestled in a desirable neighborhood awaiting your creative touch. This diamond in the rough offers the perfect canvas for renovators or investors looking to transform a property into a dream home or a profitable venture. With ample space and a solid foundation, the possibilities are endless to reimagine this space into something truly special!!

πŸ”‘ Property Highlights:

  • πŸ›  Renovation Ready: 3 bedrooms, 2 bathrooms, poised for a complete makeover.
  • 🌳 Spacious Lot: Over 10,000 sqft, providing ample room for expansions, gardens, or outdoor living areas.
  • πŸ“ Prime Location: Situated in a sought-after neighborhood, close to schools, shopping, and dining.
  • πŸ“ˆ Investment Opportunity: High ARV potential in a market ripe for flipped homes or rental properties.

🏫 Nearby Schools & Amenities:

  • Elementary School: Forest Park Elementary (Highly rated for its educational programs)
  • Middle School: Kannapolis Middle (Known for its supportive community and extracurricular activities)
  • High School: A.L. Brown High School (Praised for academic excellence and sports programs)
  • Amenities: Close to the North Carolina Research Campus, Village Park, and Kannapolis Cannon Ballers Stadium.

πŸ’Ό Financial Overview:

  • Buy Now Price: $135,000
  • After Repair Value (ARV): $205,000+
  • Projected Net Profit: Significant, with room for budget adjustments based on finish levels.
  • Rent Zestimate: $1000/month.

🏑 Property Specs & Condition:

  • Year Built: 2001
  • Square Footage: 1,350 sqft
  • Lot Size: 10,018 sqft
  • Condition: Requires extensive updates to plumbing, electrical, HVAC, and cosmetic finishes.

πŸ“ˆ Comparable Sales:

  • 2612 Wyoming Dr: 3 Bed 2 Bath // 1,292 sqft // Built 1995 // Sold on 3/7/2024 for $198,500
  • 1085 Chandler Dr:  3 Bed 2 Bath // 1,848 sqft // Built 2004 // Sold on 2/29/2024 for $198,500
  • 166 Dusty Farm Rd: 3 Bed 2 Bath // 1,430 sqft // Built 1983 // Sold on 3/21/2024 for $214,900

Embrace the chance to turn this fixer-upper into your masterpiece. Contact us to explore the potential and start planning your renovation journey today!

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

Jamie Findlay

β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
No reviews

Disposition manager