Four Bedroom 1% Rule Opportunity In Burlington NC

Alamance County, Burlington, NC, 27217
Sold
Listed at: April 15th, 2022
Price
$85,000
Sq. Footage
1313
Type
Single-Family
Parking
Assigned
Year build
1934
Lot size
13024.00 sqft
Bedrooms
4
Bathrooms
1.5
Half Bathrooms
0
Summary
510 Queen Ann St, Burlington, NC 27217. The cash price is $85,000.
 
510 Queen Ann is a great opportunity for a flip or buy and hold investor. ARV rent for a four-bed in this location is $1300-$1350, making it a 1% rule opportunity for buy and hold investors after repairs and upgrades. The current rent is $800, so it’s near the 1% rule as-is. 
 
Below are the properties details:
Single Family Home
4 bed/1.5 Bath
Tenant is MTM
SqFt: 1,313
Lot: 13,024
Year Built: 1934
Cash Price: $85,000
 
HERE are sales comps. 
 
HERE are photos.


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

Josh Norman

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Disposition manager