🔥True Cosmetic Flip Near Downtown Kannapolis!

Cabarrus County, Kannapolis, NC, 28083
Sold
Listed at: August 12th, 2024
Price
$180,000
ARV
$295,000
Gross Margin
$115,000
Sq. Footage
1400
Type
Single-Family
Parking
Driveway
Year build
1950
Lot size
0.26 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

This is a great opportunity to purchase a true cosmetic flip 5 minutes from Downtown Kannapolis! You can complete this rehab in 2 weeks and have it listed on market! Here's the full breakdown:

Condition (Please watch video walkthrough below):

  • New Roof
  • HVAC less than 10 years old
  • Foundation solid
  • New carpet and full interior paint has been completed

Numbers:

  • ARV: $295k ($210/sf)
  • Estimated Repair Costs: $20k
  • Asking Price: $187k ($133/sf)

Comps:

  • 1471 Ontario Dr: 3 bed 1.5 bath 1303sf and sold in AS-IS CONDITION for $290k ($223/sf)
  • 1406 Chipola St: 3 bed 2 bath 1179sf and sold for $250k ($212/sf)
  • 303 Villa St: 3 bed 2 bath 1221sf and UNDER CONTRACT for $295k ($242/sf)

Closing is scheduled for August 19th (can be pushed back) and buyer agrees to pay all closing costs. Please contact Andrew if you are interested or have any questions.

 

Videos

1511 Ontario Dr Walkthrough

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

Andrew Peacock

★★★★★
★★★★★
No reviews

Disposition manager