Duplex with Options for Different Exit Strategies in Forest City, NC!
Owner Finance Price: $99,900
DOWN: $15,000
INTEREST: 3%
PAYMENTS: $358.36
Balloon Payment at 10 years
ESITMATED Amount of Repairs Needed: $20K-40K
Rental Cash Flow: $300/MO
Home Type: Wood Siding
Bedrooms: 1 OR 3 (Depending on what you do with the house) Side B: 1 Bedroom
Baths: 1.5 OR 2.5 (Depending on what you do with the house) Side B: 1 Bathroom
Square Feet: 2,234 Sqft.
Lot Size: .41 Acres
Year Built: 1940
Updates/Repairs That Have Been Done: Side B: Front porch redone. Roof is 3 years old.
Potential Updates/Repairs Needed: SIDE A: Walls need repair. Flooring needs repair throughout. Floor in kitchen is unlevel. Ceiling repair. 1.5 bath is not functional, would need to be finished.
SIDE B: Fascia boards and wood siding need to be repaired, needs to be pressure washed. Some windows need to be replaced. Need some roof repair. Active rook leaks, needs some ceiling repair. Needs flooring throughout. No kitchen in side B. No shower in bathroom and tub is not hooked up. Walls need attention. Some soft floors. Bathroom, wall and ceilings need to be finished out.
Property Description: Corner lot. About 5 min walking distance from downtown. On a nice street. City water and sewer. Will need a driveway cut in. Tenant occupied. Tenant is not on a lease, only month to month. You can leave as a duplex OR you can take the wall down and make it into one house.
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.