(Fayetteville, NC) Brick SFR 🏠 Great Potential Rental / BRRRR Opportunity 🔥 6 Minutes From Downtown Fayetteville 📍

Cumberland County, Fayetteville, NC, 28306
Sold
Listed at: July 7th, 2023
Price
$40,000
ARV
$102,000
Gross Margin
$62,000
Sq. Footage
765
Type
Single-Family
Parking
Driveway
Year build
1940
Lot size
0.18 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

DESCRIPTION

Presenting an enticing investment opportunity: A single-family, solid brick property, enviably situated merely six minutes away from the bustling downtown Fayetteville, NC. This home serves as a remarkable BRRRR or rental proposition, given the robust local rental market, where comparable three-bedroom, single-bathroom properties fetch as high as $1,300 per month— a finding based on the analysis of 22 similar rentals in the past six months.

Granted, to unlock its maximum potential, the property requires a fair share of refurbishment. However, due to its modest square footage, the anticipated renovation timeline and cost are considerably less than you'd expect. This project could pave the way to substantial returns on your investment while offering an exceptional living space in a prime location. Embrace this excellent opportunity to transform this fixer-upper into a lucrative investment.


PROPERTY DETAILS


Rehab Level: Heavy

Occupancy: Vacant

Construction: Brick

Water Heater: Good Condition

Electrical Panel: Good Condition

Furnace: Good Condition (5-10 Years Old)

Parking: Driveway / Carport

Roof: Okay Condition (10-15 Years Old)


CLOSING AND ACCESS


**Property IS VACANT**

**Please CALL Ahead to Schedule An Appointment**

**Closing 2 Weeks AFTER Signed Assignment**



DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Trevor Wilcox

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Disposition manager