Just a stone’s throw from Spring Lake’s friendly downtown and close to Fort?Bragg, 201 Elizabeth?St is a rare investor gem. This 728?sq?ft single-family home (2–3 bed potential) sits on a spacious 7,841?sq?ft lot AND includes the adjacent residential lot at 205 Elizabeth St—giving you added flexibility and future expansion options! Priced at just $70K and ready for a full gut rehab, this is your blank canvas to flip for profit or add a high-demand rental to your portfolio.
Property Highlights:
728?sq?ft single-family home on 7,841?sq?ft lot
INCLUDES residential lot next door at 205 Elizabeth St – perfect for future development or expanded yard
Exterior type: one-story SFH, built 1952
Located in a stable, established Spring Lake neighborhood near military and commercial hubs
Nearby Schools & Amenities:
Close to Spring Lake Elementary and the Cumberland County school district
Minutes from local shopping, the recreation center, parks, and just 10?mi to Fayetteville
Near Fort Bragg—ideal for military renters or transient workforce
Financial Overview:
Buy Now Price: $70,000
After Repair Value (ARV): $205K
Property Specs & Condition:
Living Space: 728?sq?ft
Use: Single-family home + residential lot
Roof: Likely asphalt – needs full inspection
Heating: Heat pump (replacement likely needed)
Sewer, Water & Utilities: Public; confirm utility connections
Zoning: Residential
Whether flipping or leasing, 201 + 205 Elizabeth St gives you double the opportunity on one affordable deal. Don’t wait—this property will move fast.
Next Steps: Submit your offer, schedule a walkthrough, and get ready to build wealth!