Discounted Fix & Flip or Rental Deal in Spindale, NC
Cash Price $14,900
ARV: 47,000-70,000 depending on your exit strategy.
Amount of Repairs Needed $10K-20K (10K for Rental 20K for Fix&Flip)
Potential Rental Cash Flow $400-500
Potential Fix & Flip Profit/Equity $29,000
Other similar houses in the area have recently sold for $47,000-95,000
Home Type: Site Built with Wood Siding
Bedrooms: 2 could be 3
Square Feet: 936
Lot Size: 1.07 Acres
Year Built: 1961
Updates/Repairs That Have Been Done: Some sheet rock replacement had been started on some walls & ceilings
Potential Updates/Repairs Needed: Needs new roof, active leaks. Needs windows and will need window frame on at least one. Lot needs to be cleared. Floor on front porch needs to be replaced. Whole porch could be redone. Some fire damage in one room that would need to be repaired from a laundry fire. Ceiling in one room needs repair. Floors are soft throughout. Gas tank fell into side of house and tore some of the wood siding down, needs to be repaired.
Other Notes: Sits on dead end street. Big lot. Shallow back yard with deep front yard and side yard. Three other houses on the street. Close to downtown Spindale. City water and sewer.
Property Description: This is a great fix & flip/rental deal! You can make this house your very own! For only $14,900 you can have the potential to make up to $29,900 on a fix & flip! It sits on a large lot, this gives you enough space to do anything you would like to do. This house needs some TLC. It would need a new roof, there are active leaks. eiling in one room needs repair. Floors are soft throughout and some joists will need to be repaired. Needs windows and will need window frame on at least one. Some fire damage in one room that would need to be repaired from a laundry fire. Floor on front porch needs to be replaced. Whole porch could be redone. Gas tank fell into side of house and tore some of the wood siding down, needs to be repaired. This is a great deal and it is deeply discounted! Be sure to grab it up because it will go fast!
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 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.