Gutted To The Studs!! 3BR -2BA – 0.5 Acre Full Rehab. HUGE Payday!! Pending

  • $51,500
  • 3 beds
  • 2 baths
  • 1,088 sqft

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!!   

Price:
$51,500
Address:
504 Gerringer St.
Gibsonville, NC 27249
Square Feet:
1,088
Lot Size:
0.44 Acres (19,166')
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1946
Basement:
No Basement
Const. Type:
Wood Frame

Call (919) 554-6930 for more details

Property Location