Updated about 3 years ago on . Most recent reply
Great Cashflow/Equity Property in North Carolina!!
Great cash flow property with built in Equity!!
Asking $154,000! A very recent bank appraisal valued the home at $175,000. The property is very clean and very sturdy, but it is dated. With minor rehab the ARV easily reaches $220K!
This may be a cash deal OR a Subject To deal, where buyer makes the sellers payments of $822/mo PITI. This house will rent for $1,800; the average rent according to Rentometer.
3 bed, 2 bath upstairs, 1 bed, 1 bath downstairs in basement. Basement has access from inside the house and a private entrance also. Unfinished space in basement to build another room or convert into its own unit: basement has same square footage as house!!
Zoning is RS9 which allows most any creative rental idea allowing for literally dozens of end strategies. Use this link to check out zoning:
https://www.cityofws.org/DocumentCenter/View/1075/RS9-PDF
Call me for details. Tim Murphy - 916-918-9117