Property Description:
Conveniently Located Flip or Rental Opportunity
Flip or rental opportunity in Elizabethtown with good comps. Brick property, 3 beds, 2 full baths, 1,568 sqft. The unique aspect to this deal is that the lot is just under an acre and has a second building that had been used as a church. This building could be rented out or otherwise used to bring value on top of the strong numbers for the primary residence. It appears that this building is zoned commercial but please do your own due diligence; we make no claim to zoning. The residence needs a FULL renovation to include structural work on the floors and side wall. There is room to make this property cash flow or sell but it will require an experienced investor.
3 Beds/2 Bath/1,568 sqft (from tax- not measured)
Second building is 1,173 sqft
Two story dwelling with brick exterior
City water/septic
HVAC needs replaced
Roof needs replaced
Structural issues present
Owner has materials inside but is not living here, free 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/aed5d0yf730wddl3w6zfj/h?rlkey=n9vaijq0epblxmod91mnpyw8d&dl=0
ARV: $330,000+ ($230,000 house, $100,000+ retail building)
Market Rent: $2,200/month ($1,200 house, $1,000 retail)
Asking Price: $87,500*
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.