๐ก Charming S.F.R Investment Opportunity in Shelby, NC! ๐ก
Welcome to Daves Road, a prime investment opportunity located in the heart of Shelby, North Carolina. This property presents a unique blend of residential charm and investment potential, making it an ideal choice for real estate investors looking to expand their portfolio in a growing market.
๐ Property Details:
Address: XXX Daves Road, Shelby, NC 28150
Home Type: Single Family
๐ Year Built: 1870 - initial renovation was done in 1981
๐ Square Feet: 1,616 sqft
๐ธ Property Taxes: $742/year
๐ฆ Last Sale: $83,000 (07/24/2024)
๐ Lot Size: 43,560 sqft
๐งพ Parcel Number: 33811
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๐ฐ Financial Highlights:
๐ต Asking Price: $135,000.00
๐จ Rehab Needed: $46,000 to $50,000.00
๐ต Current (As-Is) Market Value: $125,000.00
๐งพ Current Assessed Total: $88,465.00
๐ ROI: 87.67%
๐ Annualized ROI: 131.50%
๐ต Estimated Profit: $100,000
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๐๏ธ Construction & Materials:
๐จ Condition: Needs Full Interior & Exterior Cosmetic Rehab
๐ Stories: 2
๐ง Exterior: Wood
๐ Garage: N/A
๐งฑ Basement: N/A
๐ฅ Fireplace: 2
๐ก๏ธ Heating: Forced Hot Air
โ๏ธ Cooling: Mini's
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Why XXX Daves Road is a Great Investment:
๐ผ Investment Potential: With an AVM of $274,000 and a low last sale price of $83,000, this property offers significant upside potential. The 1900-built home has a lot of historical charm that can be restored and modernized to increase its market value.
๐ก Renovator’s Dream: The property provides a blank canvas for renovations and improvements, allowing you to customize and enhance its features. Given the solid structure and classic design, you can create a desirable living space or rental property.
๐ Growth Opportunity: Situated in a well-connected area, Shelby, NC, has been experiencing growth in property values, sales and a decrease of days on market. This home is ideal for investors looking to capitalize on this trend and secure a high return on investment.
๐ Strong Rental Market: Shelby has shown consistent rental demand, ideal for investors looking for cash flow opportunities.
๐ผ Appreciation Potential: The property is situated in an up-and-coming neighborhood, offering possible appreciation as the area develops.
๐ก Versatile Use: Whether as a single-family home, rental property, or potential flip, this property can accommodate various investment strategies.
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Prime Location in Shelby, NC:
๐ถ Walkable Neighborhood: Located in a convenient area with access to local amenities, schools, and public transportation. The property is well-positioned to attract tenants or future buyers, making it a smart buy-and-hold investment as well as a Flip.
๐ก Residential Appeal: The single-family home is nestled in a quiet, established neighborhood, offering a great opportunity to create a cozy, welcoming environment for residents.
Key Features:
- Spacious Layout: The property boasts a generous floor plan that offers ample living space and can cater to a variety of tenants or future buyers.
- Modern Amenities: Contemporary fixtures and finishes throughout the home, including a modern kitchen, updated bathrooms, and energy-efficient appliances.
- Outdoor Space: A sizable yard perfect for outdoor activities, gardening, or potential future expansions.
- Location: Conveniently located near schools, parks, shopping centers, and major transportation routes, enhancing its appeal to families and commuters alike.
- Investment Potential: The area is experiencing growth in housing demand, making this property an attractive option for rental income or future resale value.
Call to Action: Don't miss the chance to invest in a property that combines charm, functionality, and location. Schedule a viewing today or contact RecoveRE Holdings for more information on how you can make Daves Road your next successful investment.
Take the first step toward a prosperous investment future!๐ Don’t Miss Out on This Unique Investment Opportunity! ๐
๐ Contact Us Today: 929-285-7330
๐ง Email: Frank@RecoveREHoldings.com
Submit Your Offer and Secure This Deal Before It’s Gone!
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