Here is a fixer upper near downtown Lexington. Asking $25,000 or best offer. The tax value is $43,560. It is a 2 bedroom and 1 bath home and about 740′. This could be rented for $400 to $500 per month.
Go take a look at it as soon as you can if you think you’re interested. The property is vacant, but we don’t have a lockbox on it yet so it will be locked up. Take a look in the windows and see what you think.
When you’re ready to make an offer, just hit reply to this email or call me at 336-287-4423.
This is a great piece of property in Buena Vista. If you have lived around Winston for any time you know that Buena Vista is THE place to be. This home is about 2700′ up and downstairs (1800′ up & 900′ down). Needs a lot of cosmetic updates, but we have an estimate from a contractor at $38k. If you plan to live here, and you can qualify for an FHA 203k rehab loan (620 credit score), you could get up to $35k for repairs. The ARV (after repair value) is estimated at least $280,000. The tax value is $238k (previous owner had it reduced from $250k b/c he was on fixed income) and we have it priced to sell at $174,900. Pictures will be coming soon. Call me at 336-287-4423 if you are interested.
Here is a great opportunity for an investor looking for monthly cash flow. This package deal is for 6 rental properties. The price is $234,900, which is about $39,000 per house. The homes are in Winston Salem and are all close together. The retail on these properties is over $300,000. Zillow says $334,500. The homes are all rented and gross about $2400 per month. With 10% down, these should cash flow $500 to $600 gross per month. And that’s before you raise the rent! The rental market in this area is more like $500 to $600 per house, so you could quickly increase your earnings by slightly raising the rent to market value. Call Tony @ 336-287-4423 to make an offer.
Handyman house for sale $47,500
3 bedroom, 1 bath, 1000′
partial brick home with full unfinished basement (dry)
Estimated repairs $5k -$8k
After repair value $73k-$79k
Call 336-287-4423
Here is an update for 5968 Germanton Rd, Winston Salem, NC - Check out this 3 bedroom, 1 bath home that is near rent ready. It’s priced below tax value at $49,900. It is a little over 1300′ and on .4 acre. The home needs $10k-$15k worth of repair depending on your use. One repair needed is the ceiling in the laundry room, which had a leak at one time, but the roof has been repaired. Give us a call to find out more about this one.
$54,900 - This house needs minor cosmetic work and could be ready to rent. It is a 3 bedroom with 1 bath (could easily be converted to 2 bath) approximately 1300′ built in 1927. It has central air/heat pump and newer electrical service. It is also convenient to shopping. The estimated after repair value is $75,000 to $79,000. Call us today at 336-688-2162.
Bring the horses or fix it and flip it! This home is a 3 bedroom, 2 bath home approximately 1300′ built in 1985, 15 minutes from Hwy 52. Estimated repairs are $10,000 and the after repair value would be $95,000 to $110,000.
This property has been reduced to $19,900 with estimated repairs of $10k - $15k and after repair value of $55k - $60k. It backs up to a park with walking track, so it seems very peaceful & quiet. The house next door is being rehabbed as well, and there is new construction around the corner with about 5 new homes.
