3/2 Ranch W/ Basement Elon, NC

Description

**Flip or Buy & Hold Opportunity Alamance County**

552 N NC 87 HWY BURLINGTON, NC 27217

Minutes away from Elon Univeristy & Downtown Burlington

3 bed|2 bath| 1559 Sq Ft
770 Sq ft basement w/ another bedroom, full bath, interior & exterior access! (extra sq footage, not in the 1559 sq ft)

Built 1955

-Western Alamance School District (per Zillow)

-Vacant

-Large Lot .78 Acre lot, fenced in

-Brick veneer &vinyl siding

-Covered back deck

-Covered parking

-Some updated plumbing

-Some updated electrical

-Well & Septic, city water available at the road

–Rent O Meter Avg Rent $1973

-Tax Value $191,335

Needs clean out, roof, paint, flooring, light fixtures, bathroom updates, repair carport, exterior repairs, repair or replace hvac, repair ceiling in multiple rooms.

$116,500 ASKING PRICE
ARV $250,000-$265,000

COMPS:
1874 Stratford Rd,- 3 bed|2 bath| 1,733 sq ft $330,000 (Sold 12/6/23 per County Records) *Some updates, pending 4 days, no basement!*
https://www.zillow.com/homedetails/1874-Stratford-Rd-Burlington-NC-27217/51229423_zpid/

1818 Wellington Rd 3 bed| 2 Bath| 1,485 sq ft $297,000 (Sold 12/1/23 per County Records)
https://www.zillow.com/homedetails/1818-Wellington-Rd-Burlington-NC-27217/51233759_zpid/

1727 Greentree Rd 3 bed | 2 bath| 1,604 sqft $269,000 (Sold 3/30/23) * Some Updates*
https://www.zillow.com/homedetails/1727-Greentree-Rd-Burlington-NC-27217/51229437_zpid/

1907 Robinhood Dr 3 bedroom |1.5 bath| 1550sq ft| 1 acre $289,900 (Pending) *As-is*
https://www.zillow.com/homedetails/1907-Robinhood-Dr-Burlington-NC-27217/51229386_zpid/

326 N State Highway 87 3 bed | 1bath|1,576.00 sq ft $231,000(Sold 05/05/23) *As-Is)
https://www.zillow.com/homedetails/326-N-State-Highway-87-Burlington-NC-27217/51229620_zpid/

846 Loop Rd 3 beds | 1 bath | 1458sqft – $150,000 (Sold on 4/19/23) *As-Is Investor*
https://www.zillow.com/homedetails/846-Loop-Rd-Burlington-NC-27217/51229495_zpid/