Great Rental/Sweat Equity Deal In Hickory, NC Pending

  • $99,900 with $24,900 Down
  • 3 beds
  • 1 baths
  • 1,222 sqft
Pending

Great Rental/Sweat Equity Deal In Hickory, NC

We have a contract on a great property that has a main house and a garage apartment.

It is $99,900 with only $24,900 down. 5% interest and payments of $464.97/mo for 20 years.

If you were to move into the main house and rent out the apartment, that rent would be enough to cover the payment.

The main house is a 3 bed 1 bath, the apartment is a 1 bed 1 bath. The main house has a living space of 1,222 sqft. It was built in 1942 and sits on a 1.35 acre lot.

We have an ESTIMATED amount of repairs of /$10K-30K depending on your finishes.

Potential rental cash flow is around $1,200-$1,400/mo with both rented.

Here are some potential updates/repairs. All interior and exterior doors need to be replaced on both house and garage apartment. All floor covering needs to be replaced in main house and garage apartment. Some unlevel flooring in main house. Some gutters need to be reattached. The lean-to on the garage apartment needs roof repaired. Siding on the house needs to be finished out. Ceiling in the main house needs some attention, needs some repair in some areas. Bathroom in main house needs to be finished out, there is no bathing capabilities in the main house bathroom.

There is a new breaker box. The yard is shaded. It is a big corner lot and some is wooded. Property has a garage that has been finished out into an apartment. Windows are original windows. There is a cement covered front porch. Property is in a very nice area. Back screened in porch on the garage apartment. Garage apartment only has a shower stall, no tub. Steps leading down into the crawl space. There are 2 separate water heaters. Some of the main house has hardwood floors. Ceilings in main house are decently high.

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.

Price:
$99,900 with $24,900 Down
Address:
Hickory, NC 28601
Square Feet:
1,222
Lot Size:
1.35 Acres
Bedrooms:
3
Bathrooms:
1
Terms:
Owner Finance
Property Type:
Multi-family
Year Built:
1942
Const. Type:
Vinyl Siding

Additional Features

1 bed 1 bath garage apartment on site.

Call 803-610-2164 for more details