Discounted Fix & Flip Opportunity in Lincolnton, NC
Cash Price $29,900
Amount of Repairs Needed $20K-40k
Gross Potential Fix & Flip Profit/Equity $30K-50K depending on repairs
ARV: 100K
Other similar houses in the area have recently sold for $90K-120K
Home Type: Brick
Bedrooms: 3
Baths: 1
Square Feet: 1,050
Lot Size: 0.44 Acres
Year Built: 1972
Updates/Repairs That Have Been Done: Water heater is newer & windows appear to be newer vinyl windows
Potential Updates/Repairs Needed: Door in carport to laundry room needs a new door. Needs some pressure washing in carport and around the house on eaves and overhangs. Shutters could use some paint. Needs a new roof, active leaks. Needs new eaves and overhangs where tree had fell. Rafters in bedroom will need to be replaced where tree had fell. Installation would need to be put back into the attic. New ceilings needed throughout. Needs flooring throughout with some joists replacement. May need some under the house support. Toilet, tub and sink in the bathroom are sloping inwards towards the old joists that need to be replaced. Lower kitchen cabinets need repair or replaced. Some fire damage in the kitchen from a stove top fire that damaged corner of the cabinet and stove hood. Needs some wall repair. Needs painting throughout.
Other Notes: Tree fell on the back of house but did not disrupt the brick but did go through the roof. On well and septic tank right now but could probably tap into city water and sewer. Total rehab.
Property Description: This house a great fix & flip opportunity. For less than $50,000 you can buy this house and have the potential to make a gross profit of 30k-50k depending on the types of repairs you do. This house sits on a very quiet street. It is located closed to Lincolnton hospital and the beautiful downtown Lincolnton. This house has big yards, that you can use to your advantage to flip! Completed with a concrete driveway with a carport. There was a tree that had fallen on the back of the house, but it did not disrupt the brick. It did go through the roof. It needs a new roof, there are active leaks. It will need new eaves and overhangs where the tree had fallen. Rafters in bedroom will need to be replaced where the tree has fallen. Installation would need to be put back into the attic. It needs new ceilings throughout. Needs flooring throughout and some joists replacement. May need under house support. Toilet, tub and sink in the bathroom are sloping inwards towards the old joists that need to be replaced. Lower kitchen cabinets need repair or replaced. Some fire damage in the kitchen from a stove top fire that damaged corner of the cabinet and stove hood. Needs some wall repair. Needs painting throughout. Door in carport to laundry room needs to be replaced. Needs some pressure washing in carport and around the house. Shutters could use some paint. This could be your next big flip!
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 Lorraine at 803-610-2164 or email Lorraine@investorsrehab.com for the address and more details.
We have been providing deep discounted properties in the Carolina’s for over 30 years.
See more wholesale discounted properties and get on our buyers list for future deals at www.InvestorsRehab.com.