💰 Great Spread! Cosmetic Charlotte Flip - 28212 💰

Mecklenburg County, Charlotte, NC, 28212
Sold
Listed at: August 9th, 2023
Price
$420,000
ARV
$600,000
Gross Margin
$180,000
Sq. Footage
2004
Type
Single-Family
Parking
Driveway
Year build
1972
Lot size
0.31 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

Brick/Vinyl home in an established neighborhood of Charlotte 28212.

Similar homes in the area are selling $425,000 + in original condition. Lots of meat on the bone 🍖

You have the option to win this house today for $425,000. Don't miss out.

Link for Photos:

https://www.dropbox.com/sh/z8guhuc1ni8k4qe/AABGJyu-yUnT3npUfKno8XfMa?dl=0

Asking Price: $420,000

Buy It Now Price: $425,000

Occupancy & Access: Vacant on Lockbox (Contact Me)

Contact Me: Davis Pfaff | (310)-433-3543

1) Basic:

Bed/Bath: 4/3

SQFT: 2,004

Year Built: 1972

Lot Size: .31 Acres

Parking: Driveway

Rehab Level: Mostly cosmetic (Paint, Carpet, Floors, kitchen updates, bath updates)

Roof: 10 yrs

HVAC: 5-6 yrs

2) Numbers: 

Asking Price: $395,000

Buy It Now Price: $395,000

ARV: $605,000+

Rehab Notes: Do your own due diligence

3) ARV Comps:

1208 Worcaster Pl: https://www.zillow.com/homedetails/1208-Worcaster-Pl-Charlotte-NC-28211/6251275_zpid/

4/3/1937sqft/1965YB - Renovated condition

$675,000 | Sold | May 2023

1446 Mcllroy Rd: https://www.zillow.com/homedetails/1446-McIlroy-Rd-Charlotte-NC-28212/6273501_zpid/

3/2/2159sqft/1973YB - Renovated condition

$595,000 | Sold | June 2023

5626 Cottingham Ln: https://www.zillow.com/homedetails/5626-Cottingham-Ln-Charlotte-NC-28211/6251015_zpid/

3/3/1825sqft/1971YB - Renovated condition

$605,000 | Sold | April 2023

3) Cash Comps:

1441 Mcllroy Rd:https://www.zillow.com/homedetails/1441-McIlroy-Rd-Charlotte-NC-28212/6275164_zpid/

3/2/1774sqft/1972YB - Original condition

$421,000 | Sold | July 2023

6313 Forest Way Dr: https://www.zillow.com/homedetails/6313-Forest-Way-Dr-Charlotte-NC-28212/6275283_zpid/

3/3/1853sqft/1973YB - Original condition with very minor updates

$429,000 | Sold | June 2023

5906 Cabotwood Ln: https://www.zillow.com/homedetails/5906-Cabotwood-Ln-Charlotte-NC-28212/6273453_zpid/

4/3/1812sqft/1973YB - Original condition

$425,000 | Sold | May 2023

2034 Knickerbocker Dr: https://www.zillow.com/homedetails/2034-Knickerbocker-Dr-Charlotte-NC-28212/6273379_zpid/

3/3/1891sqft/1974YB - Original condition with Exterior Paint

$456,000 | Sold | June 2023

TERMS:

Close with our preferred attorney. Buyer pays all closing costs. Deal not final until EMD is received. All Inspections to be done prior to binding contract. Cash/Hard Money only.

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. Any attempts to renegotiate or make contact with the owner will result in legal action.


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Walkthrough

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

Davis Pfaff

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