Winston Buy-Hold 🔥 Near Wake Forest 🏫

Forsyth County, Winston-Salem, NC, 27105
Sold
Listed at: February 9th, 2022
Price
$35,000
ARV
$80,000
Gross Margin
$45,000
Sq. Footage
1040
Type
Attached
Parking
Off street
Year build
1933
Lot size
4792.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Grab this one in this rapidly developing neighborhood while it lasts! Perfect for a Buy/Hold investor!


Property Description: 

3/1 1,040sqft - 4,792sqft lot


Ask: 35k

Repairs: 25k

ARV: 75-80k in 5/10 condition, 60k in 3-4/10 condition


Rent Rates: 800-1000/mth


Full disclosure - Condition Details:


Probably need to update roof and light renovations in kitchen/bath/electrical/windows/paint


Roof - When it rains too hard, there's a leak

HVAC - water heater and air conditioning was updated in the last 10 years

Kitchen - spot in the kitchen floor, and cabinets need to be redone

Bath - Floors need repairing

Windows - original to the house

Floors - hardwood all over the house


Additional Information:

  • electrical system needs updating
  • foundation is solid, no sinking 
  • the walls are plastered, there are certain walls and ceilings that need paint
  • unfinished basement



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

Taylor

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