BRRRR This 1% Rent Rule 🏡 in Mebane!

Alamance County, Mebane, NC, 27302
Sold
Listed at: June 1st, 2022
Price
$103,500
Sq. Footage
894
Type
Detached
Parking
Driveway
Year build
1948
Lot size
acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

The address is 103 W Carr St. Mebane, NC.

 

Located minutes away from downtown Mebane, this home would be a great addition as a rental property! With rental rates right between $1200-1400 a month, you would fall around the 1% rule after repairs! And with the repairs needed to bring this to rent grade, you should be able to BRRRR this property! On top of that, with Mebane increasingly growing in popularity, you’ll definitely benefit in growing equity from the rising property values! So be sure to check this out and add it to your portfolio!

 

Below are the properties details:

Single Family Home

2 bed/1 Bath

SqFt: 894

Year Built: 1948

Vacant

Cash Price: $103,500

 

HERE are photos

HERE is the rental comps report

 

Comps:

202 E. Brown St. 2/1/804sqft - $168,000 ($209sqft)

109 N 6th St. 2/1/1252sqft - $253,000 ($202sqft)

307 W. Austin St. 2/1/942sqft - $190,000 ($201sqft)

 

Please reach out to me to view the property! Any questions please do not hesitate to ask.

 

We look forward to working with you!

 

- Josh

 

Joshua Norman

P 919.538.0401

E josh@venture-stack.com

W http://www.venture-stack.com/

 

***PLEASE DO NOT MARKET OUR PROPERTIES***

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