Property Description:
Property Overview:
Uncover the potential of this solid brick 3-bedroom, 2-bathroom single-family home, nestled on a spacious 2.18-acre lot in the peaceful outskirts of Monroe, NC. With 1,500 sq ft of living space, this property combines classic charm with plenty of room to expand, perfect for investors looking for a manageable project with significant upside potential.
Address: 603 Red Cedar Ln, Monroe, NC 28110
Type: Single-Story Brick Home | 3 Bed | 2 Baths | 1,500 Sq Ft | 2.18 Acres
Property Highlights:
🧱 Sturdy Brick Construction: Durable, low-maintenance brick exterior.
🌳 Sprawling Lot: 2.18 acres of land offers endless possibilities for outdoor amenities, expansion, or sub-dividing.
🛠Investor-Friendly Layout: Single-story floor plan.
🚗 Great Access: Convenient to Monroe’s shopping, dining, and schools.
🌞 Outdoor Potential: Enjoy serene views, privacy, and room for gardens, a pool, or additional units.
Home owners is going to need 30 days post close to move out. They will be willing to do a lease back of rent.
Schools & Nearby Amenities:
Schools: Located in the highly regarded Union County Public Schools district.
Shopping & Dining: Just a short drive from Monroe’s shopping and dining hubs.
Recreation: Close to local parks and outdoor areas, offering plenty of recreational options.
Financial Overview:
Buy Now Price: $245K
After Repair Value (ARV): $400K
Rent Zestimate: Approximately $1,700.00 per month
SOLD PROPERTIES:
149 Airport Rd, Monroe, NC 28110
3/2
12/1/2023 - $385,000
905 Pilgrim Forest Dr, Monroe, NC 28110
3/2 - 1,810 SqFt
7/10/2024 - $450,000
706 Red Cedar Lane Monroe
3/3 - 1973
$397,770 - 04/04/2024
4902 Goldmine Drive Monroe
4/3 - 1972
$349,500 - Under Contract
Why Invest Here?
This property is a fantastic opportunity for investors looking to capitalize on Monroe’s growing real estate market. Don’t miss out on this gem with plenty of room for value-add potential. Reach out now for more information or to schedule a viewing!