🏡 Rural Retreat in Roxboro- $88K in Potential Profit 🌳

 Check out this home situated on 1.27 acres in Roxboro's rural community. This property will need some major updating, so this is a great opportunity to fix and flip. Enjoy peace a quiet out in Roxboro and make this your next investment project. 

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ASKING PRICE: $162K

ARV: $300K

PREFERRED LENDER LINK

Perfect For:

🛠️ NEW BUILD 🏡

(Purchase Price) $162K + (Cosmetic Rehab) $50K = (Total Investment) $212K

(ARV) $300K - (Total Investment) $212K = (Gross Profit) $88K

SOLD COMPS:

2215 Blalock Dairy Rd, Roxboro, NC 27574-SOLD $260K

(8 years older, 30 sqft larger)

1190 Robertson Rd, Roxboro, NC 27574-SOLD $376K

(3 years newer, 312 sqft smaller)

FOR SALE COMPS:

125 Collin Drive, Roxboro, NC 27574-FOR SALE $350K

(4 years newer, 308 sqft larger)

Property Overview:

🛏 3 Bedrooms

🛁 2 Bathroom

📏 1,512 Sqft. 

🌳 1.27 Acres

📅 Built in 1995

Property Details:

🧱 Foundation: Wood with crawlspace

🪟 Windows: Original

🏠 Roof: 10 yrs old

💨 AC Unit: 5 yrs old

💦 HWH: New 3 yrs ago

🪠 Plumbing: Copper, No issues

💡 Electrical: Original Breakers; no issues 

🌊 Well Water (Serviced  3 yrs ago)

🚽 Waste: Septic

🛠️ Rehab: It would need $40K-$50 in rehab. 

Additional Insights:

🚧 Attention!

• Needs flooring
• Needs new windows
• Needs HVAC
• Needs kitchen updates
• Will need bathroom updated
• Needs a driveway
• Needs to tear down shed

🔄️ Currently Occupied; M2M tenant paying $625/mo

PLEASE CALL TO SCHEDULE SHOWINGS

919-646 9714

TENTATIVE CLOSE DATE: ON OR BEFORE 10/03/2024