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Updated almost 7 years ago,

User Stats

53
Posts
8
Votes
Luis Suarez
  • Raleigh, NC
8
Votes |
53
Posts

Unfinished flip, and potential rental in Raleigh

Luis Suarez
  • Raleigh, NC
Posted

Hello BP World.

I have a rental property in Raleigh, NC that I need to unload.

Here are a few extra details: 

ARV: $250,000

Repairs Needed: $15,000

Price: $230,000

-New wood grain ceramic tile

-New Carpet

-New interior paint

-Popcorn ceiling removed, and painted

Tenant is month to month, and is just waiting for us to sell the house so that they can move on. 

I've already spent over $10,000 on repairs and rehab but it still needs another $15,000 to look like new.  My wife and I would like to focus our attention on a new company we started.

I'm only putting this out here to see if this generates any attention.  If there are no interested buyers at this price point that are willing to take over the project, I will finish the rehab myself and attempt to list it for full price in March.  

I'm open to suggestions!  

Offering

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