(Mooresville NC) 🏚️$70k Profit in this Mooresville Fix & Flip🏡

Description

🏚️$70k Profit in this Mooresville Fix & Flip🏡
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:
🛠 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)

👀 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)

🚪 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:
🛏 3 Bedrooms

🛁 1 Bathroom

📏 1247 sqft of potential

📅 Built in 1927

Property Details:
🧱Exterior: Vinyl Siding


🏠Roof: Solid with no leaks

🪠Utilities: Breakers in service panel and copper plumbing throughout

💦Hot Water Heater: 10 Years Old

🥵Newer A/C Unit

Additional Insights:

🚀 Area: Many flips pending

🕒 History: Long Term Tenant

🚧 Attention Required: Cosmetic updates & Roof

🔄 Vacancy: Currently tenant occupied will be delivered vacant