Duplex Fixer Upper in Lenoir Only $44,900
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).
Duplex with 2 bed 1 bath apartments only $44,900 in Lenoir, NC
The apartments could potentially rent for $500 – $700/mo EACH!
Thats $1,000 – $1400 per month income potential.
You could generate great cash flow or live in side and rent out the other!
Has an apartment upstairs and downstairs. 2 miles from the highway and within 1 mile of downtown Lenior, within .5 miles of Rankin Park. On a paved, unlined, street.
Each apartment is metered separately.
The ESTIMATED amount of repairs for BOTH units is $20K-50K depending on who does them and what finishes are used.
Some of the potential updates and repairs needed to the entire building itself are the metal roof needs some attention on one side. Front porch pillars need some attention. Ceiling of the porch needs some wood replaced. Some window panes are broken, some framing will need to be replaced. Side porch will have to be completely redone.
Some of the potential updates and repairs for the downstairs apartment are all floor coverings needed. Sheetrock is missing from living room area. There’s also an area of the living room ceiling that the roof is open to outside. Bathroom floor needs attention. Some subfloor work needs to be done. Bathroom walls need attention.
Some of the updates and repairs needed for the upstairs apartment are some subfloor work.
Ceiling needs some work. Floors throughout need 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 803-339-2255 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 pictures of this property and other wholesale discounted properties at www.InvestorsRehab.com.