10/03/2017
Phenomenal Rental Property At Wholesale Price! Generates $1,750/ month, ARV $265,000, Asking Price of $180,000. This 2,000+ sqft split level is located on a 21,000 sqft wooded lot backing up to the Eno River, with great access to all major highways. This home features an enormous 400 sqft multipurpose room with brick fireplace, a two car garage, new roof, new HVAC, great 18x11 back deck and downstairs patio. This 1970s split level home has great bones, and just needs an interior facelift. With new flooring/ bathrooms and an updated kitchen this house will sell for upwards of $265,000! Considering the estimated repair cost is under $15k, the asking price of $180k creates a $70,000 spread to the investor able to update the interior.
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