"Fantastic Fix-and-Flip Opportunity with Huge Equity in Kings Mountain"

Gaston County, Kings Mountain, NC, 28086
Sold
Listed at: April 22nd, 2023
Price
$160,000
ARV
$262,000
Gross Margin
$102,000
Sq. Footage
1190
Type
Single-Family
Parking
Driveway
Year build
2004
Lot size
0.70 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Step into this fantastic fix-and-flip opportunity - a spacious 3-bedroom, 2-bathroom single-family home located on a huge 0.70-acre lot in the highly desirable Kings Mountain area. With a little bit of TLC, this property has the potential to be transformed into a beautiful home, boasting a substantial equity gain for investors seeking a lucrative return on investment



๐Ÿก Property Highlights:

  • 1,190 sq ft of comfortable living space
  • Spacious 0.70-acre lot
  • Forced air heating
  • Vinyl exterior
  • Asphalt roof


๐Ÿซ Nearby Schools & Amenities:

  • Near Gastonia, Belmont & 15 minutes from Crowders Mountain
  • Gaston County Schools


๐Ÿ’ต Financial Overview:

  • Buy Now Price: $180,000
  • Estimated Rehab Cost: 40,000
  • After Repair Value (ARV):$262,000
  • Projected Net Profit: $40,000
  • Rent Zestimateยฎ: $1,564


๐Ÿ”ง Property Specs & Condition:

  • Property SF: 1,190 sq ft
  • Building Type: Single-family
  • Year Built: 2004
  • Roof: Asphalt
  • Heating: Forced air
  • Cooling: No data
  • Zoning: R1
  • Parking: Driveway
  • Basement: None


๐Ÿ˜๏ธ Comparable Sales:

  1. 105 Chinaberry ct - Cosmetic Upgrade
  • Sold: $239,000
  • 3 bed, 2 bath, 1,162 sqft, 0.46 acres, year 1994
  • Sold on 03/24/23
  1. 5310 Oaktree Dr. - Comsetic Upgrade
  • List Price: $300,000
  • 3 bed, 2 bath, 1,392 sqft, 0.36 acres, year 2000
  • Listed on 03/08/23
  • Average Days on Market: 43.5


๐Ÿ“ธ View the property photos and detailed analysis!


Act fast and secure this amazing investment property today! With its incredible potential for profit and an unbeatable location, this is one opportunity you won't want to miss! ๐ŸŒŸ"



We exclusively accept cash or hard money for all transactions. We have an assignable contract with the property owner that includes equitable interest. However, it's essential to note that we're neither the owner of record nor licensed realtors. Our properties require cash or private/hard money loans to be purchased, and we do not offer conventional or FHA financing unless explicitly stated otherwise. Prior to signing the contract, all inspections must be completed by the buyer. The properties are sold as-is, where is. Before submitting an offer and signing any contract, buyers must conduct all necessary due diligence. At the time of contract signing, buyers must provide a $2,500 EMD. Unless otherwise indicated, buyers will be responsible for all closing costs. The closing involves assigning our contract with the seller to the end buyer. For transaction coordination, lender/foreclosure attorney communications, and delivering clear title, the buyer must pay a $595 closing/administration fee to Pure Flair Homes.

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

Jamie Findlay

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