Duplex With Over 1% Rule Opportunity

Guilford County, High Point, NC, 27260
Sold
Listed at: April 15th, 2022
Price
$85,000
Sq. Footage
1458
Type
Multifamily
Parking
Assigned
Year build
1964
Lot size
7841.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

308 Sinclair Ave, High Point, NC 27260. The cash price is $85,000.

 

Cute duplex in High Point with the potential to achieve well over the 1% rule ARV. Repairs are mostly cosmetic. The property is newly vacant. The tenants were paying $500 per month rent. ARV rental comps show $700 to $800 per month. 

 

Below are the properties details:

Duplex

4 bed/2 Bath (2 bed/1 bath on each side)

Property is Vacant

SqFt: 1,458

Lot: 7,841

Year Built: 1964

Cash Price: $85,000

 

There aren’t many comps, as there aren’t a lot of duplexes in the area. 1904 Eugene (.1 miles from 308 Sinclair) sold at the end of November in as-is comparable condition. 

 

HERE are rental comps. 

 

HERE are photos.

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

Connor Teddy

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