Family home in a Tranquil Setting in Rutherfordton NC
Cash Price $99,900
Amount of Repairs Needed $10-15K
Potential Fix & Flip Profit/Equity $40-70K
Other similar houses in the area have recently sold for $140-172K
Home Type: Wood frame with vinyl siding
Bedrooms:2/4
Baths:1.5
Square Feet:1512
Lot Size: 3 acres
Year Built:1930’s
Electric HVAC
Well & Septic
Property Description: This home sits on a private wooded relaxing lot. It has a circular driveway and a covered cement porch adding to the charm of this great home. There is a creek that runs along the back property line and the water trickles over the rocks making it sound like a babbling brook. The 2 Bedrooms upstairs do not have closets but they have vaulted shiplap ceilings and shiplap walls. The kitchen, full bath and dining room have ceramic tile.
There is a cement pad where a singlewide mobile home previously sat and well pump and electrical outlet remains. The lot is large enough to add 2 more houses if zoning permits.
There is a basement with entry from outside of the house, an 8X10 cement floor when entering then dirt, there are cinder block walls partitioning areas. There is lighting in the basement. The hot water heater is housed in the basement.
Updates/Repairs That Have Been Done: New roof and storm windows 2 years ago. Laundry has been added under staircase, enough for a stack-able washer & dryer. Newer vinyl windows and roof is in good shape.
Potential Updates/Repairs Needed: Storage area/previous laundry floor & ceiling needs to be replaced. Home needs floor covering, carpet/hardwoods in the living areas currently there is sub flooring that is in decent shape, some of it has stains but it is solid. Brush around the creek could be cut back making the area more viewable. The kitchen needs cabinets, counter tops and appliances. House needs to be painted throughout. Back door and basement door need to be replaced. Back porch ceiling needs to have new vinyl put up as it is currently plywood.
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 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.
