Contract for sale, NON-REFUNDABLE deposit due on signing.

**Buyers are responsible for their own due diligence & closing costs**

Price: $99,500

(The starting price is the lowest minimum acceptable offer, will be taking highest & best)

ARV: $250,000 (Both Houses)

👉 (336) 901-7216 👈

Two for one special with light indsutrial zoning. Two houses on one lot, with favorable zoning to allow for endless possiblity. Investors use your imagination to fix up the house or renovate to keep for your rental porfolio. .43 Acres zoned light insdustrial. 

Flip & Rental Analysis:

• Average comps range from $130k-184k
• PURCHASE 2 PROPERTIES FOR THE PRICE OF ONE ALL UNDER $100K. 
• Growing area with business demand, favorable zoning.

Comps:

• 1609 Rockford St, Winston Salem, NC 27107 (PENDING - for $184k) 
• 1612 Marble St, Winston Salem, NC 27107 (Sold for $169k in Oct 2023) 
• 2713 Dudley St, Winston Salem, NC 27107 (Sold for $131k in Oct 2023) 

TWO PROPERTIES ON ONE LOT ZONED LIGHT INDUSTRIAL

• • Property #1 -After Repair Value: $150,000

• • • 🔨Rehab Level: (Moderate) 
      • Needs full interior rehab, kitchens, baths, etc. This is a big house and could be reframed to add another bedroom to increase the after repair value. Can buy and subdivide sell off this property and keep the other. 
    • 🛌🛁2 Bed 1 Full Bath - 1,128 SQFT
    • 🏠 Roof:  12 Years old - Architectural Shingles
    • ❄ No cenrtal A/C: Window units
    • 🔥 Furnace: Central forced heat in attic
    • ⚡ Electric: Good working order
    • 🚿 Plumbing: UNK
    • 🧼Windows: Vinyl/ Wood
    • 🧰 Floors: Hardwood Floors throughout
    • 💧 City Water & Sewer
    • 🧱 Some foundatonal brick needs repaired

  • Property #2 -After Repair Value: $ 100,000

    • 🔨Rehab Level: (Moderate) 
      • Needs interior renovation; property has endless capabilites. Property was used at one point as a day care business. Can be upfitted to a small restaruant, office, etc.
    • 🛁 Retail Store Use Case - 1 Bath - 650-750 SQFT (estimate)
    • 🏠 Roof:  OLD NEEDS REPLACED
    • ❄ No cenrtal A/C: none
    • 🔥 Furnace: none
    • ⚡ Electric: UNK
    • 🚿 Plumbing: UNK
    • 🧼Windows: OLD
    • 🧰 Floors: Slab
    • 💧 City Water & Sewer
    • 🧱 No known foundational issues

Contact Info:

• The property may be occupied, so please schedule a showing.
• To inquire about a showing or an offer call or text us at 👉 (336) 901-7216 👈

The seller of this property either owns or has an equitable contractual interest in the properties marketed. Buyer pays all closing costs. Prices are based on an expeditious closing projected at 7 days or less. All properties are sold in as-is condition. Seller makes no warranty of any kind, expressed or implied.