Great Landlord Deal in Shelby, NC!
Cash Price: $49,900
ESTIMATED Amount of Repairs Needed: NONE
Rental Cash Flow: $600/Mo (Could raise rent with MINIMAL updates/repairs)
Rental Comps: $900/Mo
Home Type: Vinyl Siding
Square Feet: 1,168 Sqft.
Lot Size: 0.197 Acres
Year Built: 1939
Updates/Repairs That Have Been Done:
Potential Updates/Repairs Needed: **NO UPDATES NEEDED FOR TENANT**
Vinyl siding could be pressure washed. Carport would need to be torn down or redone. MINIMAL ceiling repair in the laundry room. Carpet in master bedroom could be replaced.
Property Description: Currently rented. Tenants are on a current lease, have been on new lease for 9 months. Tenants are not asking for any repairs or updates to be made. Rental rate can be raised more with MINIMAL updates/repairs. Within walking distance of uptown Shelby. Many Restaurants, shopping and parks around the area. Eaves and overhangs are vinyl wrapped. Nice neighborhood. Shallow side yards, but it is a really deep lot. Window units for air. Windows and doors are original with no issues. Covered front porch. Concrete driveway with enough parking for 4 cars. Fireplaces do work, but are not in use. Metal shed belongs with the property. Fenced in backyard. Most of the floors are hardwood. Washer and dryer with hookups in the laundry room.
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.