🤩 Light Cosmetic Rehab Property in Hot Raleigh Market ☀️

Attention real estate investors: Buy in one of the hottest rental markets in Raleigh. Close to restaurants, shopping, & schools. Tons of potential for profit in a great neighborhood of North Raleigh.

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ASKING PRICE: $185K

Preferred Lender Link 

Perfect For:

🛠 Fix/Flip

(Purchase Price) $185K + (Rehab) $20K = (Total Investment) $205K

(ARV) $225K - (Total Investment) $205K = (Gross Profit) $20K 

ARV Comps:

7000 Longstreet Dr #B, Raleigh, NC 27615 - SOLD $196k

(Smaller property with 1 less bedroom)

7024 Longstreet Dr #A, Raleigh, NC 27615 - SOLD $210k

(132 sqft smaller with 1 less bedroom)

7010 Longstreet Dr Unit #C, Raleigh, NC 27615 - SOLD $235k

(Smaller property with less sqft)

🚪 Buy and Hold

(Purchase Price) $185K + (Rental Rehab) $15K = (Total Investment) $200K

(Current Rent Rate) $1445 - $1600/mo

Rental Comps:

7122 Longstreet Dr #C, Raleigh, NC 27615 - Rent $1650/mo

6604 Orford Ct, Raleigh, NC 27615 - Rent $1600/mo

Property Overview:

🛏 3 Bedrooms

🛁 1.5 Bathroom

📏 1,147 sqft of potential

📅 Built in 1975

Property Details:

🧱Foundation: Slab

🪠Utilities: 15 year old breakers and copper plumbing

💦Hot Water Heater: 5 years old

🪟 Windows: 20 years old

🥵HVAC: 5 years old

Additional Insights:

🎍 Flooring: Bamboo seamless lay

🚽 Bathroom: Hallway bathroom updated 7 years ago 

💵 HOA: $280/month which includes water. HOA has insurance covers the exterior maintenance, roof, and some windows.

🖌️ House will need a paint job

PLEASE CALL TO SCHEDULE SHOWINGS

919-646-9714

TENTATIVE CLOSE DATE ON OR BEFORE 07/1/2024