See below for more pics and showing instructions.
This property is on a corner lot and in an old established neighborhood in Spindale.
Other similar in size and age houses in the area have recently sold for $115k – $150k so this is a steal at this price!
You could fix it up and flip it for a large potential profit or rent it out for a positive cash flow!
This property has a nice large fenced-in yard, a powered outdoor storage shed, a covered concrete side stoop, wood decking on the front porch, laundry hookups is in the back enclosed porch and an attic that is convertible to additional living space.
There is also a new construction on the neighboring street.
The amount of repairs needed is around $5k – $15k as a rental and $25k – $35k as a fix-n-flip.
Potential Rental Cash Flow would be $850 – $1050.
Potential Updates/Repairs: this house needs a new roof, exterior and interior paint, could use some underpinning repairs, fascia boards will have to be replaced, ceiling repairs in the kitchen and bathrooms, floor coverings and subfloor repair all throughout but mainly in the kitchen and bathroom.
Cash buyers only, no financing or rent to own.
Text me at 803-339-2255 for more info.
You can also message me your email address and mobile number and I will send you more info.
Short-term financing is available to qualified fix and flip investors at CarolinaInvestorLoans.com.
We have been providing deep discounted properties in the Carolina’s for over 35 years.
See more pictures of this property and other wholesale discounted properties at https://www.investorsrehab.com/property/
See below for more pics and showing instructions.
This property is ideal to create a family compound or have multiple rentals close together with acreage.
Convenient to everything, Hwy 321 is less than 5 minutes away. Country living, close to the city.
Each house is on its own parcel, a total of 3.84 (+/-) acres.
No bank qualifying with very low payments and a low-interest rate of only 5%.
The price is only $297,000 with $40,000 down. Balance is Owner Financed, payments are $1,380 per month with a balloon at 48 months, 5% interest rate (30yr amortization).
There are lots of possibilities and options with this property.
You could fix them up and rent them out for more than double the payment. Or you could fix them up and create your own family compound. Or you could live in one and fix and rent the others to make your payment and then some.
There is a large brick two-story house with columns and a doublewide and a single wide with each on their own parcel of land.
All lots are fairly level, partially wooded area with the brick house. Private gravel driveway for access to all three.
City water/city sewer on all three on the same taps.
The big brick house has 2 bd and 1 ba, on the main level and has been framed on the upper level for an additional 3 bedrooms and a bathroom. Has an enclosed carport, and a basement that is half concrete and half gravel.
The doublewide has 2 bd and 1 ba, a covered concrete front porch, an enclosed concrete back porch, a new roof that is less than a year, and a wood-burning fireplace.
The single-wide has 3 bd and 2 ba.
Potential Updates/Repairs:
Brick House – needs some fascia and soffit replaced, needs exterior paint, some windows need to be replaced, ceiling work needed all throughout, need new kitchen cabinets and countertops, minor floor repairs needed all around, 2nd floor needs to be finished.
Doublewide – siding needs to be pressure washed, needs ceiling work in several rooms, floor coverings needed all throughout, and wall repairs in several areas.
Single wide – the little porch needs to be redone, underpinning needs to be redone, the subfloor needs to be replaced, wall repair is needed in some places, some window frames need to be repaired and the back porch needs attention.
Text me at 803-339-2255 for more info.
You can also message me your email address and mobile number and I will send you more info.
We have been providing deep discounted properties in the Carolina’s for over 35 years.
Short-term financing is available to qualified fix and flip investors at CarolinaInvestorLoans.com.
See more pictures of this property and other wholesale discounted properties at https://www.investorsrehab.com/property/