💥 Duplex |2 Bed 2 Bath | High Point NC💥

Description

ADD TO YOUR RENTAL PORTFOLIO OR FLIP FOR MAX PROFIT!
STARTING PRICE: $73,700 OBO
*NR-EMD: $2.500
**Cash Or Hard Money To Close!!!**
*EXIT STRATEGIES:

Fix and Rent: Rehab and hold units for long-term wealth!
Details
Looking to add another asset to your portfolio? Look no further! This duplex is walking distance to downtown, Rocker’s stadium, Congdon Yards, and more! One unit is tenant occupied and the other occupied by the seller. Units have 1 bed and 1 bath. Sold AS-IS. Showings available with proof of funds and accepted contract.

Tenant pays 350/m, since september 2023
If fixed up, units could push rents to $700-$850/m
Property has 2 Apartment Units:
Side A:

Tenant-occupied (month-to-month)
Electrical Panel in Side A appears to be behind the refrigerator and would be inaccessible without moving it.
broken down vehicle in the backyard, will transfer with the sale as the owner cannot move.
Side B:

Vacant
There is a wasp nest in the Side B bathroom’s medicine cabinet.
Some warped floorboards in Side B, as well as damaged ceilings and some mold spots on the wall.
Some Windows have been boarded up due to broken window glass
Highlights
Gas Heat
Window AC
Roof shingled (1 year ago)
Updates Needed:

Evrything
Paint
Windows
Screen door
Wood floors
Income
Unit 1 – 1BD 1BA, $325 /mo, to be vacant before close.
Unit 2 – 1BD 1BA, vacant
Expenses
All utilities are separately metered
Gas – Paid by tenant
Power – Paid by tenant
Water – Paid by tenant
Trash – Paid by tenant