This is your chance to own a value-packed investment property in the heart of Whiteville, NC! Located at 305 S Thompson St, this 1,144 sq ft brick home sits on a 0.19-acre lot and offers tons of potential for the right buyer.
Originally purchased by the current owner for renovation, plans changed due to time constraints. He now intends to redirect the proceeds to another property purchase. Take advantage of the work he has already started and make this property your own.
Property Highlights:
Size & Structure: 1,144 sq ft single-family home with a brick exterior, frame construction, and a composition roof.
Interior Features: Features softwood and hardwood flooring. Heating and cooling systems are unspecified, providing an opportunity for modern upgrades.
Parking: Includes a carport for convenient parking.
Lot Details: Situated on a manageable lot, ideal for landscaping enhancements.
3 or 4 Bedrooms – Layout suggests it may have once functioned as a duplex
Needs Work – A true fixer-upper with plenty of upside
Floors Need Replacing
Rewiring Required
HVAC Needed
Foundation Work Started – Partial work has been done, but needs completion
Brick Exterior
Comparable Properties:
Nearby properties showcase the potential value post-renovation:
307 S Thompson St: A 2-bedroom, 1-bathroom home with updated shingles, new stainless kitchen appliances, updated kitchen cabinets, and new carpets, sold for $140,000
304 S Thompson St: A 3-bedroom, 2-bathroom home with 1,479 sq ft, currently listed at $184,990
Investment Potential:
With a Zestimate® of $145,200 and a Rent Zestimate® of $1,388/month, this property offers a solid return on investment post-renovation. The neighborhood's ongoing development and the city's commitment to growth further enhance the property's appeal.The property is subject to walk through.
Bring your vision and turn this project into a profitable investment!