Property Description:
Located just North of downtown Burlington, situated midway between Greensboro and Raleigh. Many of the other older homes in the neighborhood have been rehabbed.
This property has been occupied at a rent of $595 as is - currently vacant. Rehabbed rent should be between $750-850. ARV is $78-88K Repairs between $20-40K depending on the level you want to take it.
Creative Investor? Two front doors - could be converted to a shotgun style duplex (1bed/2bed).
Needs an experienced rehabber - HVAC (no ducts at present) and electrical update to support, roof, plumbing and cosmetic improvements. Asphalt Shingles on exterior have been tested and are NOT asbestos.