Property Description:
This 2-bedroom, 1-bath property in Moncure offers a value-add renovation opportunity on a large 0.91-acre lot. The planned renovation budget is approximately $47,000, with the scope focused on demolition and cleanout, flooring, kitchen updates, interior and exterior paint, deck work, framing repairs, and miscellaneous finishes. Several major components are already accounted for without replacement costs, including the 2020 HVAC system, 2016 metal roof, and 2025 water heater, helping keep the renovation focused primarily on the home's finishes and exterior improvements. With approximately 40,075 square feet of land, the property also offers a substantial lot for the investment.
🏠 Property Snapshot
• 🛏 Bedrooms / Bathrooms: 2 Bed / 1 Bath
• 🏠 Property Type: Single Family Home
• 📐 Living Area: 816 Sq Ft
• 🌳 Lot Size: 40,075 Sq Ft / 0.91 Acres
• 📅 Year Built: 1961
• 🏚 Roof: Metal – 2016, Planned to Keep
• ?? HVAC: 2020 – Planned to Keep
• 💧 Water Heater: 2025 – Planned to Keep
• 🍽 Kitchen: Cabinets & Countertops Planned for Renovation
• 🪵 Flooring: LVP or Hardwood Refinishing Planned
• 🎨 Interior: Full Paint Planned
• 🏡 Exterior: Exterior Paint & Deck Work Planned
• 🪟 Windows: Repair Budget Included
• 🔨 Framing: Additional Repairs Budgeted
• 💰 Estimated Reno Budget: $47,000
🏡 Why Investors Like This One
• Large 0.91-acre lot
• 40,075 Sq Ft of land
• Manageable 2-bedroom, 1-bath layout
• 2020 HVAC already in place
• 2016 metal roof planned to remain
• 2025 water heater already in place
• Renovation scope has been clearly budgeted
• Opportunity to modernize the kitchen and interior
• Large exterior deck improvement opportunity
• Significant portion of budget focused on cosmetic/value-add improvements
• $5,000 contingency included for unexpected items