(301 E Mason St – Franklinton, NC 27525.)
4 BR / 1.5 BA – 2,879 sq ft / 0.64 acre parcel (parcel pic included, fyi…)
(Clean Title. Can be converted easily to a 4 BR/2 BA)
CMA Market Value ARV = $245K to $260K (Based on the amount of cosmetics and curb appeal your crews would complete.)
Purchase Price to LMP Investment Homes, LLC = $70,000.00 (Net to seller.) This calculates to $.28 cents on the dollar purchase, or, 72% off retail value.
Year Built = 1909
Full Rehab Needed = $90K to $95K – In and out, roof to grass.
Total Acquisition For Resale = $160K – $165K– (Purchase + rehab.) For resale at $250K ARV
Gross Profit Margin (@ $250K) = $81,000.00 (Minus closing costs at re-sale.)
EMD Required for contract and escrow with closing attorney (Roper & Taylor) = 5% or $3,500.00. (Due in escrow within 5 days of contract execution. Deducted from purchase price, of course.)
We need to close this, in cash or hard money ASAP. PLEASE HURRY. This is the rehab you’ve been waiting for!!. Thx!!
Comps Analysis For Franklinton, NC – 27525)