Great Investment Opportunity Madison NC!

Your Price: $49,000.00

Available Now:

This is a solid little home in the heart of Madison, This property is in a Federal Opportunity Zone, which means if you do the repairs over the next 10yrs to improve property, then sell the property with Zero capital gains.  property has a pretty large kitchen, there is currently a renter in place (it’s a friend of the owner’s girlfriend) she has a lease in place until September, and is paying $300/mo.  Market rents are closer to 500/mo.

Rockingham County
2/1
1,049sqft
Built: 1952
.3 Acres
I did have to go out a little further, just because of the lack of activity, but I think that $114-115sqft is solid in this pocket of Madison.
Comps:
115 Theatre Rd – 1152sqft – $164,000
138 Oakcrest Dr – 1488sqft – $189,000
461 Mineral Springs Rd – 1599sqft – $146,000

ARV: $120,000.00

Repairs: $35K

Property is not Currently listed on the MLS, but as a VIP Buyer in the Madison area you are getting a first right of refusal at a $10,000 discount (it will be listed at $59,000).  Just give us the code “VIPMadisonBuyer” so we know you received the card.

Call or email for full address… Do your own Due Diligence…

919-949-5101 or merrick@ncdiscountproperties.com

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On June 14, 2019   /   Uncategorized   /   Leave a comment
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