🏡👨‍👩‍👧‍👦 Cosmetic Rehab Rental Opportunity with $35K Profit Potential🛠️💵

Check out our new property in Rural Hall. This property is ready as a turn key rental and can start producing income for an investor. This area has very low inventory, so this is a great opportunity to fix & flip or buy & hold.  This is a quiet and family friendly neighborhood surrounded by woods. Hurry and be the first to invest in a guaranteed win!!!

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ASKING PRICE: $140K

ARV: $220K

PREFERRED LENDER LINK

Perfect For:

🛠️ Fix & Flip 🏡

(Purchase Price) $140K + (Rehab) $45K = (Total Investment) $185K

(ARV) $220K - (Total Investment) $185K = (Gross Profit) $35K

SOLD AS-IS COMPS:

110 Thacker Rd, Rural Hall, NC 27045- SOLD $215K

(14 years older; 230 sqft less)

9281 Weigh Station Rd, Rural Hall, NC 27045- SOLD $169K

(16 years older;  270 sqft more)

Property Overview:

🛏 2 Bedrooms

🛁 2 Bathroom

📏 1,530 Sqft. 

🌳0.61 Acres

📅 Built in 1973

Property Details:

🧱Foundation: Wood frame/brick on Crawlspace 

🪟Windows: Good condition; age unknown

🏠Roof: New roof in 2004

💨HVAC Unit: New 1 year ago 

💦HWH: Age unknown

🪠Plumbing: Unknown

💡Electrical: Breakers 

🌊 City Water

🚽 Waste: Sewer

Additional Insights:

🚀 Area: Family friendly neighborhood, wooded lot, with a nice sized yard.

🚧 Attention Required: 

• Bathrooms need updating
• Needs new roof
• Kitchen needs updating and new appliances
• Bedrooms has old carpet; needs new 
• Needs exterior and interior paint

🔄️ Currently M2M Tenant that has lived there for 14 years and paying $1,200/mo in rent. Property will be delivered with tenants !!!

PLEASE CALL TO SCHEDULE SHOWINGS

919-646 9714

TENTATIVE CLOSE DATE: ON OR BEFORE 06/17/2024

*PROPERTY WILL BE DELIVERED TENANT OCCUPIED*