Guaranteed Rental Income in Shelby, NC!
Cash Price: $34,900
ESTIMATED Amount of Repairs Needed: $5k-10k
Rental Cash Flow: $380/month (Room to increase rent with application submission.)
Home Type: Site built with Vinyl Siding
Square Feet: 1512 Sqft.
Lot Size: 3 Acres
Year Built: 1957
Updates/Repairs That Have Been Done: Ceilings on the porch painted and fix a crack in the porch concrete. Added a handicap ramp on. Roof – 10 years old. HVAC and duct work new about 10 years ago. Water Heater about 5 years. Put new vinyl in the bathroom and kitchen about 3-4 years ago. Some of the house has been rewired and is on a breaker box.
Potential Updates/Repairs Needed: Almost all the thresholds need work. There should have been a piece of wood placed at each the thresholds then covered with the floor covering. Each of them now are messing up and need to be fixed. The floors are unlevel in almost every room, they are all sloping toward one side. Some feel a little spongy, but not soft. Exterior doors need to be replaced. Windows could be replaced.
Property Description: The property is section 8 and they pay most of the rent. Tenant pays $20 per month or so. Lease is current and section 8 people do an annual inspection. Lot is good size, house sits about in the middle of it, nice size side yards and back yard. House has a large front porch and large back porch. Both are concrete and have some settlement cracks, over all good shape. Tenant has done a lot of the work to the property and the lot herself.
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.