2 Story Farm House Only $24,900 Cash
Cash Price $ 24,900
Potential Rental Income $500-700
Potential Fix & Flip, fix and rent out or fix and move in.
Other similar houses in the area have sold for $ 60,000 – $90,000
Property Details
Home Type: 2 story farm house
Bedrooms: 3 ++
Baths: 2
Square Feet: 1232 per Zillow but it’s much larger i believe.
Lot Size: 1 acre
Year Built: 1916
Property Description: This house has a lot of character but needs a lot of work. Large farm house with wrap around porch in need of a lot of TLC. Kitchen is small, but I believe a wall could be taken out to extend the space to combine with the dining area.
There are three additional rooms upstairs, one of which has an actual closet, the other two only have attic storage doors. The staircase going upstairs needs railing, there is currently nothing there.
Potential Updates/Repairs Needed: There was evidence of a water leak in the first floor, but not sure where it would have come from because there is no evidence on the second floor unless from the roof on the one hall wall.
House needs HVAC, was previously heated with gas space heaters but those have been removed and cooled with window units that would need to be replaced.
HVAC, roof to be checked and possibly patched in at least one place, ceilings need to be completed (currently just new drywall), needs painting, maybe some walls moved to flow better and increase room sizes, new windows, floors need to be leveled in some areas (they had the foundation re-supported several years back, that could be done again), property needs to be cleaned out, there is stuff everywhere, floor coverings need to be replaced, kitchen needs updating and bathrooms need updating, needs exterior work (siding, or new boards added back),
Because our properties need repairs, they do not qualify for traditional financing.
We have been providing deep discounted properties to cash buyers in the Carolina’s for over 30 years.
If you are a cash buyer, please contact Lorraine our Asset Manager for address and further details. 803-610-2164 or email Lorraine@investorsrehab.com
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