This full rehab deal will become a beautiful community property that’s located on a nice, quiet and safe dead end road in a beautiful neighborhood in Gibsonville, NC just minutes from Elon college and downtown Gibsonville.
House needs a complete renovation inside and out. Great project for any rehabber that wants to control ALL the details and create a gorgeous home… from a blank canvas this house offers you.
Sale Price: = $51,500
ARV: = $142K (See image for values and comps.)
Rehab Costs: (Approx) = $45K – (New roof, new siding & gutters, rebuild front porch, back deck/patio, full interior renovation.) Your material costs may vary, depending on quality level purchased for completion. (Some piers need slight re-leveling as well.)
Profit Margin: (Approx) = $45,500.00 (Minus = holding/closing costs and commissions… if any, if you re-sell as “F.S.B.O.” without an agent.)
EMD Needed For Escrow: = $2K (To consider it sold for you.) Title/attorney work is already completed.
This is great rehab project… at a great price. DON’T LET THIS ONE GO!!