one property at a time.

(Mooresville NC) ๐Ÿš๏ธ$70k Profit in this Mooresville Fix & Flip๐Ÿก

Price
$160,000
Est. Resale Value
$300,000
733 Spruce St, Mooresville, NC 28115, USA, ,

Overview

  • 3 Bedrooms
  • 1 Bathrooms
  • 1,331 ft
  • Year Built: 1927

Description

๐Ÿš๏ธ$70k Profit in this Mooresville Fix & Flip๐Ÿก
Attention real estate investors: Excellent Location Close to Restaurants & Shopping w/Easy Access to I-77 & Award Winning Schools. Tons of potential for profit in a great neighborhood of Moorseville.

ASKING PRICE: $160K
ARV: $300K

Perfect For:
๐Ÿ›  Fix/Flip
(Purchase Price) $160K + (Rehab) $70k = (Total Investment) $230k
(ARV) $300k – (Total Investment) $230k = (Gross Profit) $70k
ARV Comps:

453 Hager Lake Rd, Mooresville, NC 28115 – SOLD $318k

(Simple Rehab)

325 Cabarrus Ave, Mooresville, NC 28115 – SOLD $252k

(Simple Rehab Sold FAST)

๐Ÿ‘€ Buy With Equity

(Purchase Price) $160K
Cash Comps:

313 Dingler Ave, Mooresville, NC 28115 – SOLD $183k

(Sold Fast For Cash)

345 W Lowrance Ave, Mooresville, NC 28115 – SOLD $170k

(Dated Condition Sold Fast For Cash)

๐Ÿšช Buy and Hold
(Purchase Price) $160K + (Rental Rehab) $30k = (Total Investment) $190k
(Current Rent Rate) $1600 – $1700/mo

Rental Comps:

135 E Wilson Ave, Mooresville, NC 28115 – Rent $1700/mo

(Apartment)

1127 Mecklenburg Hwy, Mooresville, NC 28115 – Rent $1450/mo

(Dated 2/2)

Property Overview:
๐Ÿ› 3 Bedrooms

๐Ÿ› 1 Bathroom

๐Ÿ“ 1247 sqft of potential

๐Ÿ“… Built in 1927

Property Details:
๐ŸงฑExterior: Vinyl Siding

โ€จ๐Ÿ Roof: Solid with no leaks

๐Ÿช Utilities: Breakers in service panel and copper plumbing throughout

๐Ÿ’ฆHot Water Heater: 10 Years Old

๐ŸฅตNewer A/C Unit

Additional Insights:

๐Ÿš€ Area: Many flips pending

๐Ÿ•’ History: Long Term Tenant

๐Ÿšง Attention Required: Cosmetic updates & Roof

๐Ÿ”„ Vacancy: Currently tenant occupied will be delivered vacant

Address: 733 Spruce St, Mooresville, NC 28115, USA
Zip: 28115
Country: United States
Open In Google Maps
Property Id : 102862
Price: $ 160,000
Property Size: 1,331 ft
Bedrooms: 3
Bathrooms: 1
ARV: $300,000
Property Type: Single-Family
Parking: Off street
Year Built: 1927
Lot Size: 0.15 acres

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