Property Description:
Well Located Fairmont Flip or Rental Opportunity
An easy drive down I-95 from Fayetteville you'll find Fairmont, NC. In past Fairmont flips we've found this to be a desirable area for folks working in both NC and SC. This brick ranch is conveniently located just outside of the historic Main Street area of town. At 1,836 sqft and with two full bathrooms this house offers nice space and a private back yard. City water and sewer. Off road parking. Solid comps put this very conservatively at an ARV of $180,000 though $190,000+ can be expected given recent nearby sales. Will need a full renovation. Central HVAC but not working at the time of our walkthrough. Roof is older, no known leaks. Seller plans to leave most of what you see in the house; we can help with junk out if desired. A nice flip with plenty of wiggle room!
3 Beds/2 Bath/1,836 sqft
Solid brick ranch on corner lot in convenient location
City water/sewer
HVAC in place but condition unknown
Roof is older but functional, no leaks present per owner
Owner occupied but ready to close any time
Our partner company, The Junk Hunters (thejunkhunters.com) is happy to assist with junk out if desired. JH will provide labor and materials for junk out as well as a 20% discount for buyer of property. This is an offer but not a requirement of purchase.
Contact for access.
As always, YOU ARE RESPONSIBLE FOR YOUR OWN DUE DILLIGENCE.
Pictures/Video: dropbox.com/scl/fo/i6qpvdfbrxkm9i9e1k78v/h?rlkey=o3b518ro9r5bhpzcw31oa11pl&dl=0
ARV: $180,000 - $195,000
Comps:
409 Friendly Street: 3/2/1,904 sold 1/26/24 for $200,000
209 Hedgepeth Road: 3/2/1,304 sold 7/26/23 for $175,000
12058 State Hwy 130 Byp: 3/1/2,181 sold 8/11/23 for $250,000
Market Rent: $1,350/month
Asking Price: $68,500*
Deposit: $2,500
*Agents please add your fee above asking price.
*Sight unseen offers and offers from prior partners will receive priority.
For additional information or to view this property please contact:
Dan DeLeo
919-538-1385
dan@fivelionsnc.com
Disclaimer: We are not realtors and are not acting as such; please complete your own due diligence prior to submitting an offer. This contract is being offered for assignment; this has been communicated to the Seller and the contract has been certified with the Register of Deeds. Any attempt to usurp, re-market or re-brand this agreement will be viewed as hostile and will be prosecuted as such resulting in immediate legal action.