Expansive 3-Acre Lot with Rehab and Development Potential

Catawba County, Maiden, NC, 28650
Sold
Listed at: September 6th, 2024
Price
$140,250
ARV
$399,000
Gross Margin
$258,750
Sq. Footage
2162
Type
Land
Parking
Off street
Year build
1900
Lot size
3.01 acres
Bedrooms
4
Bathrooms
4
Half Bathrooms
0
Summary

Unlock the Potential of This Unique Property!

This 3-acre lot offers a prime opportunity for investors and developers. This property provides ample space and potential for transformation, featuring a trailer home and a 2-bedroom, 2-bathroom single-family home that requires a gut rehab.

Property Highlights:

  • Trailer Home: In need of heavy total rehab
  • Additional SFH: The 2-bedroom, 2-bathroom home at the front of the lot is a complete gut rehab project, previously valued with an ARV of $203,000.
  • Utilities: The lot is equipped with two wells and two septic tanks.
  • Accessibility: Access from three different points on the road.
  • Road Frontage: 145 ft of road frontage on Providence Mill Road, ensuring excellent visibility and high development potential.

Financial Overview:

  • After Repair Value: Around $400,000.
  • Development Potential: High, given the location, road access, and frontage.

This property is a blank slate with significant potential for growth and innovation. Don’t miss the chance to transform this lot into a lucrative asset!

We provide discounted properties! On —and Off-Market deals to Real Estate Investors with transparency and accuracy. We aim to form valuable relationships and deliver prompt service with inquiry sets for our available properties. Thanks for your interest
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Expansive 3-Acre Lot with Rehab and Development Potential

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

Ryan Taylor

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Disposition manager