(Winston-Salem, NC) 🔥 AMAZING PORTFOLIO ADDITION 🏠 SFR on a Large Lot ⛳️ Great Rental, OR FLIP. 🔥 CLOSE FAST - VACANT

Forsyth County, Winston-Salem, NC, 27106
Sold
Listed at: July 17th, 2023
Price
$69,990
ARV
$155,000
Gross Margin
$85,010
Sq. Footage
1099
Type
Single-Family
Parking
Driveway
Year build
1935
Lot size
0.34 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

DESCRIPTION


Welcome to an exceptional investment opportunity in Winston-Salem, NC! This single family home is strategically positioned within a short 5-mile distance from downtown, making it an enticing prospect for real estate investors. What sets this property apart is that it requires only minimal work to be rent ready, allowing you to quickly start generating income. This represents a tremendous advantage, as you can swiftly capitalize on the lucrative rental market or pursue a profitable flip.

Situated on a generous 14,810 sqft lot, this property offers immense potential for expansion and enhancement, allowing you to maximize its value and rental income. With the area commanding an average rent of $1,100 per month, your investment portfolio is poised to benefit from a steady and impressive cash flow.

Furthermore, this property boasts a solid foundation with no known issues, providing you with peace of mind as you invest. Additionally, its prime location, just a 10-minute drive to Winston-Salem State University, positions it as an attractive choice for students, faculty, and professionals seeking convenience and accessibility.

By acquiring this property, you'll gain a foothold in the thriving real estate market of Winston-Salem, NC, with long-term stability and significant returns on your investment. Don't miss out on this extraordinary opportunity to expand your portfolio and secure a prosperous future. Act now and seize this remarkable investment prospect before it's too late!


PROPERTY DETAILS

Rehab Level: Intermediate

Occupancy: Vacant At Close

Construction: Wood Frame / Vinyl Siding

Water Heater: Good Condition

Electrical Panel: Good Condition

HVAC: Age Unknown

Parking: Driveway

Roof: Age Unknown


CLOSING AND ACCESS


**Property IS VACANT**

**Please CALL Ahead to Schedule An Appointment**


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