FLIP this 4-br in Newton, NC [ARV 240k] reduced to $99k

Catawba County, Newton, NC, 28658
Sold
Listed at: May 9th, 2023
Price
$98,000
ARV
$240,000
Gross Margin
$142,000
Sq. Footage
1500
Type
Single-Family
Parking
Carport
Year build
1905
Lot size
0.28 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
0
Summary

2-Story Charming Home with Rocking Chair Front Porch in downtown Newton; 3 miles south of I-40

THE GOOD:

  • 1500-2,035 sqft 4 beds, 1 bath on .28 acre
  • Good roof (2014-15 per owner)
  • Nice Carport, Bonus Storage Shed
  • Main floor has one bedroom, 1 full bath, kitchen, dining, living, den/office/5th bedroom, and multiple porches
  • Upstairs has 3 bedrooms, possibly room for 2nd bath (or turn one bedroom into bathroom)
  • Overall appears & feels structurally sound


  • Incredible ARV $240k or more depending on finished square footage (See comps in photo link)
  • Main floor: 1140sf (per tax card), upstairs: visual guess approx 450sf
  • Zillow says 2,035 living sqft. Actual heated is probably more like 1500-1600 sqft; provided comps are based on that


THE WORK:

  • HVAC and ducting 
  • Windows, some wood rot, floor sagging near kitchen
  • One carport pillar needs brickwork
  • Total trash-out


CLICK HERE for VIDEO

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Transaction Details:

Vacant & ready for a quick close!

Cash only

Buyer pays all closing costs

$5,000 deposit (applied toward the purchase price)

Guaranteed clear title through closing Attorney


 Have Questions? Want to inspect this property?

    

     

Call / Text Rochelle 704-765-4800

Rochelle@solutionhomeinvestors.com



WE ONLY OFFER OUR PERSONALLY OWNED PROPERTIES OR ASSIGNABLE CONTRACTS
Property information presented above is believed to be accurate; buyer to perform due diligence

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

Rochelle Fenlason

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