Property Description:
This is a great opportunity to invest in a growing area with various exit strategies. We have a modular home for sale in an established community that presents a fix and flip opportunity with a potential $50K+ spread. Please let me know if you're interested.
The address on the modular is 2671 Driftwood Dr Fayetteville NC
It’s a 3 bed 2 bath 1,484 sq ft. modular home. Needs average repairs, mostly interior cosmetic work. The roof had some minor damage after the hurricane and since it was repaired has had no issues. HVAC is about 3 years old. On city sewer and water. Vinyl siding and brick foundation. Electric, plumbing and foundation are all solid. Corner lot with .18 acres.
*** Land comes with home***
ARV is $180k.
Estimated repair costs 30k.
Avg rents in this park are $1200 - $1600/month.
Recently Sold Comps:
5013 New Moon (3/3, 1709) - 209k (122 sq ft)
5026 New Moon (2/2, 1239) - 155k (125 sq ft)
Location: Crystal Park Mobile Home Park