πŸ’₯πŸ”₯ Huge Spread- 1 hour east of Charlotte NC ($65k- ARV $165k)

Stanly County, Albemarle, NC, 28001
Sold
Listed at: June 24th, 2021
Price
$55,000
ARV
$165,000
Gross Margin
$110,000
Sq. Footage
1176
Type
Attached
Parking
Assigned
Year build
1937
Lot size
0.30 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Contact Us For Access Info: 602-704-5246


ADDRESS: 448 Brown Ave, Albermarle NC 28001.

LOCATED 1 Hour East of downtown Charlotte NC. This property is tenant occupied (see more info below)


PRICE:

  • ARV = $165,000
  • Asking Price is $55,000
  • We accept the Highest & Best offer, Or you can Buy It Now For $70,000 and stop all other offers.


COMPS

  • 215 McGill St Pending at $196,900 1,354sf, 11,761sf lot, 3/2 Built 1910
  • 613 Montgomery Ave sold 06/30/2020 for $157,500. 2/2 1,351sf, 11,326sf lot. Built 1938. (only a 2 bed)
  • 1028 E Main St sold 08/24/20 for $135k. 3/1. 1,380sf, 13,068 lot built 1940 (low grade reno)
  • 442 Spring St sold 06/22/20 for $109,400. 3/1- 1,225sf, 7,841lot, built 1940 (low grade reno)


CONDITION INFO

  • Property is sold in As-Is Condition, and buyers agree to do their own due-diligence and inspections.
  • Kitchen-Marble counter tops and cabinets put in within the last year.
  • Hvac-no central air
  • Water Heater-5 years


OCCUPANT INFO

  • There is a tenant in the property.
  • Lease term ends January 5th 2020.
  • There is a clause in the lease that states: Upon Sale, New Owner β€œHas the right to terminate this agreement by providing a 7 day notice to the tenant.”
  • Rent is $450/month
  • $450 security deposit transfers to buyer
  • You can see a copy of the lease in the "Documents" section below.
  • WALKTHROUGH will be setup to get any interested parties inside the house. Call or text us for walkthrough date & time.


HOW TO BUY

  • We Will Accept HIGHEST AND BEST OFFER.
  • We Don't do bidding wars, so make sure to get your highest offer in the first time.
  • ALL OFFERS MUST BE SUBMITTED ON THIS PAGE.
  • Click the "Make Offer" button below. 


Terms

  • Cash or Hard Money only
  • Once offer is accepted, you must place $3,000 non-refundable deposit in escrow.
  • Must be able to close within 48 hours of title company/attorney being ready. (Unless we agree on a specific closing date)
  • Price is Net to Seller/Assignor and Buyer/Assignee paying all closing costs.
  • Property taxes will be prorated to the day of closing.
  • Property is Sold in As Is Condition with no warranties or guarantees made by seller
  • If we don’t own the property, we will be assigning over our purchase agreement to an end buyer for an assignment fee.
  • Please read additional terms below.


Properties are being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the properties above. Price based on a cash or hard money offer and is net to seller. Buyers must be ready to close with 48 hours of title company or attorney being ready to close. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. We make no guarantees concerning property condition, value, characteristics or financial benefits. We may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties. If we don’t own the property, we will be assigning over our purchase agreement to an end buyer for an assignment fee. Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.
Documents
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Schardt

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