Property Description:
Landlord Portfolio Opportunity in Laurinburg - $18k per house!
If you've been looking to build a portfolio of homes with a HUGE BRRRR upside, here is your chance! We are offering 11 properties PLUS 3 vacant lots for UNDER $200k! These properties are all owned by one family. Seven of the properties are rented, month-to-month, currently bringing in $3,700/month. All of these properties need work. Rehabs vary from moderate to full renovations. There is a lot of work to be done; hence the price. The thought here is that you can rehab the vacant properties while collecting rent on the occupied properties.
Asking ONLY $198,000 ($18k per house!!!)
ARV: $1,058,144
Current Rent: $3,700/month (7 rented, all Month to Month)
Market Rent: $11,184
3 Vacant Lots included, adjacent to 2 of the properties
10 Properties on City Water/Sewer, 1 on Well/Septic
Moderate to heavy rehab needed on all properties
As always, YOU ARE RESPONSIBLE FOR YOUR OWN DUE DILLIGENCE.
Comps/Pictures/Summary Here:
docs.google.com/ document/d/1i- cX7F0vTORZT2v32PYCayUHk4UWEc66 AM8SnSS9f-4/edit?usp=sharing
ARV: $1,058,144
Market Rent: $11,184/month
Asking Price: $198,000*
Deposit: $5,000
*Agents please add your fee above asking price.
*Sight unseen offers and offers from prior partners will receive priority.
*Buyer to pay closing costs
For additional information or to view this property please contact:
Dan DeLeo
919-538-1385
dan@fivelionsnc.com
Disclaimer: We are not realtors and are not acting as such; please complete your own due diligence prior to submitting an offer. This contract is being offered for assignment; this has been communicated to the Seller and the contract has been certified with the Register of Deeds. Any attempt to usurp, re-market or re-brand this agreement will be viewed as hostile and will be prosecuted as such resulting in immediate legal action.