703 - 705 E Brown St, Mebane, NC 27302

Property Status: Sold (Wholesale) |  Sold: $110,000.00

2 Bedrooms / 1 Baths / Single Family


Property Photos


Great property near downtown MEBANE. Brick Ranch & Mobile Home. 2 Lots of Pure Potential.


Property Status:
This Property is currently...
  • Status: Sold (Wholesale)
  • Sold: $110,000.00
Property Details:
2 Bedrooms / 1 Baths / Single Family
Property Style:
Ranch
Year Built:
1962
Finished Sq Ft:
1,450
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
Central Air
Contact Info
Alamance Property Solutions LLC
(336) 684-8196

View on Individual's Website
Property Description:

This is a beautiful large lot 1.33 acres on a gentle hill. Perfect frontage for subdivision. City water. Currently 2 septics (1 for trailer - 1 for house?) Orange County - City of Mebane ETJ

 

Current brick ranch - 2/1.25 with giant bonus room - could be master. Needs full rehab - lots of DIY done in past. $60-$80K. ARV $185-$195K

 

 Old trailer currently occupied with month to month tenant at $325 (great income to cover holding costs during rehab). Rehab Costs?  ARV $325-$600/month

 

Second lot According to city of Mebane planning department, "This should be a simple subdivision, not likely to need planning review, just staff approval"
Lot value as is: $30K New build or modular on 2nd lot $185-195K

 

 Sold AS-IS. Must be able to close by July 31st.



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

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