DESCRIPTION

Introducing a prime investment gem in Selma, NC – a quaint city conveniently situated just 40 minutes from Raleigh and 50 minutes from Fayetteville. This Single-Family Residence comes with a fantastic tenant, renowned for their impeccable rent-paying track record. While they can stay for 30 days after closing, the property also offers the flexibility of being vacant if you prefer. Currently, the tenant pays $500 per month in rent, and to sweeten the deal, we're offering a generous $1,000 credit at closing to assist with any costs associated with keeping the tenant in place for the 30-day notice period post-closing.

The location of this property near commercial properties presents an exciting opportunity for astute investors. While similar homes in the area boast rents around $1,400 per month, we recommend factoring in a conservative $300 discount due to its proximity. Expect a potential monthly rental income of around $1,100 with ease after minor cosmetic rehab – an ideal BRRRR venture in the making.

Rest assured, this property's major components like the roof and HVAC have plenty of life left in them, translating to less immediate investment on your part. Simple upgrades to the kitchen, bathroom, and some fresh paint and new LVP flooring throughout will work wonders, completely transforming this promising investment opportunity. Don't miss your chance to seize this remarkable prospect and elevate your portfolio to new heights!

PROPERTY DETAILS

Rehab Level: Cosmetic

Occupancy: Tenant Occupied / Vacant 30 Days After Close

Construction: Wood Frame

Water Heater: Good Condition

Electrical Panel: Good Condition

HVAC: Good Condition (10 Year)

Parking: Driveway

Roof: Good Condition (10 Years Old)

CLOSING AND ACCESS

**Property TENANT OCCUPIED / VACANT 30 DAYS AFTER CLOSE

Tenant Currently Pays $500/mo

Lease Terms: Month to Month

Vacant 30 Days Post Closing

**Closing On 08/13/2023**