3 Bd 1 Ba Fixer Upper Only $69,900 in Spindale, NC!
See below for more pics and showing instructions.
This property is in a nice, well-established neighborhood. Convenient to everything. Close to schools.
Would make a nice fix and flip property with lots of potential profit!
A 2-bedroom 1 bathroom fix and flip house in the area has recently sold for $163,000 and ours is a 3 bd.
Has a larger lot which is nice and deep at the back of the house.
The amount of repairs needed for a rental is $3k – $5k and for fix-n-flip will be around $30k – $40k to get it like new!
Potential Rental Cash Flow $900 – $1100 if you want to keep it as a rental.
The house is around 1,100 sqft on a 0.39-acre lot. It has a metal storage building, a rocking chair on the front porch, the roof is 10 yrs old with no issues. There is also a 5×5 cellar space, a back wooden deck, a gas furnace, and a gas water heater. The kitchen cabinets and countertops are in decent shape, the bathroom is dated but in decent shape and there are no issues with plumbing and electricity.
Livable as-is! House is currently rented to a long-term tenant but they are in the process of moving out.
Potential Updates/Repairs: needs new steps going into the cellar space, a few pieces of wood siding need to be replaced, windows are functional but could be replaced, some rafter tails need replacement, some parts of the walls need minor repairs, the kitchen could be painted and ceiling tiles need to be updated.
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/3-bd-1-ba-fixer-upper-only-69900-in-spindale-nc