2 Cash Flowing Properties Only $59,900 in Mooresboro
Please read ENTIRE post for details on how to get the address and more pictures before responding.
We DO NOT respond to comments asking if it is available. If it is listed its available.
We do not post the address because it may be occupied and/or we have specific showing instructions and you cant just knock on the door (it has happened).
This deal includes 2 cash flowing properties, a house and a mobile home (with good tenants) for only $59,900 in Mooresboro, NC!
Currently the 2 properties are bringing in $775 in rent, (house rents for $400 and the mobile home is rented for $375).
After minor updates/repairs the house could potential rent for $600-800/mo, and the mobile home could be raised to $450 and then both could also be raised 10% a year.
Both the house and the mobile home are on a 1.25 (+/-) acre lot, it has enough room for both rentals to have their own space. The property is conveniently located and is 5-7 minutes away from Hwy 74 at the Mooresboro Exit.
They sit in a quiet area on a nice street. The house and the mobile home are on separate septic systems.
The house is 2 bed 1 bath and is 784 (+/-) sqft. It has a concrete covered front porch. Gas heat and window units for air. Back porch is enclosed. No issues with plumbing electric or roof leaks. Tenant has been there for 8 years.
The mobile home is 2 bed 1 bath. It has a wooden deck front porch. It has brick underpinning. Window units for air and electric furnace for heat. No issues with plumbing electric or roof leaks. Tenant has been there for 11 years and is month to month.
Some of the minor updates/repairs that could be done to the house to raise the rent are; There is some wood siding needs to be repaired/replaced. A few of the windows/window framing needs to be repaired. Some hardwood floors needs to be repaired. There is some minor floor repair. Surround on the bathtub could use some attention.
Some of the minor updates/repairs that could be done to the house to raise the rent are; Some of the flooring could use some attention.
Our properties need updates/repairs and are offered at a deep discount for a fast cash sale.
Because our properties need repairs, they do not qualify for traditional financing.
Please call or text Kandas at 803-610-2164 or email Kandas@investorsrehab.com for showing instructions, the address and additional pics and details.
We have been providing deep discounted properties in the Carolina’s for over 35 years.
See more wholesale discounted properties and get on our buyers list for future deals at www.InvestorsRehab.com.