All Forum Posts by: Michael McKenzie

@Michael Macklin here is the info.

Lumberton NC property was hit by Hurricane it has been gutted and clean out by a non profit church and family and friends. 

Asking Price 28K
ARV 75K 

Info
A trusted realtor who owns property in Sunset Heights, told me Future Buyer could ask between $600 and $700 for rent.
We have someone who wants to rent it out when property is back up we can connect Future Buyer with renter. A lot of Folks in Lumberton NC are renting since housing is limited do to the Hurricane.

It's just needs the following repairs below.

Repairs Needed 

• Sub-floor and foundation 
• HVAC 
• Plumbing 
• Insulation 
• Sheetrock & paint 
• Flooring 
• Doors &a Trim 
• Kitchen & Baths (toilets may be reusable since they were recently replaced prior to the flood).

EMD: $2,000.00 sent to closing attorney. (excluded in purchase price prior to closing) 

Buyer is responsible for own inspections and due diligence.

Asking Price 28K

ARV 75K

Hey are you looking to buy and hold? If so PM me I'll send you some info.

Awesome.

The owner currently stays in property and rents out the bottom unit to family member for 750 monthly. When new buyer purchases the owner and family member will move out.

@Michael Macklin Yes 

Cash Flow Opportunity!!

If you're in the market for a great investment property, take a look at this 6 bedroom, 3 bath duplex.

This property needs updating and will be ready to make you a nice financial return. It's located in

2607 Fayetteville St Durham, NC 27707, a desirable area and would rent for 3300/month. Hurry! Call 919-263-0897 today to learn more about this great money-making property!

Quick info

Great multifamily 1.0 miles away from North Carolina Central University!!! 

SqFt: 2927Lot Size :7,449.00  

This property has two floors with 6 bedrooms and 3 Bathrooms

Top Floor
~ 4 Bedrooms
~ 2 Bathrooms
~ Kitchen
~Living Room
~ Small Loft Area

Bottom Floor
~ 2 Bedrooms
~ 1 Bathroom

This property is a cash cow. Future Buyer could do student housing with the North Carolina Central University leasing out each room for 550 which can include cable for the property Example

550 Per Room x 6 = 3300
3300 - 1500 (Taxes & Cable) = 1800 Profit
1800 * 12= $21,600 Yearly Cash Flow

Your Buy Price: $148,500.00

ARV 165K
Open: House January 21st 1pm-3pm

EMD: $2,000.00 (excluded in purchase price prior to closing)
Buyer is responsible for own inspections and due diligence.

Pictures Below

This is the Bottom Unit Kitchen

Got it thanks. 

@Lee Brewer Let's connect