Horse Shoe Homes, LLC

Buy - Sell - Rent - Invest

Horse Shoe Homes, LLC

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Horse Shoe Homes, LLC

392 Ladson Rd
Horse Shoe, NC 28742
 (321) 946-8463
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1150 W Blue Ridge Rd, Units #206 and #210, Flat Rock, NC 28731

1 Bedrooms / 1 Baths / Multiple Family

Property Status:  Sold | $95,000.00 (Wholesale) | 

REDUCED PRICE!!! Rare opportunity to pick up two turnkey rentals in Henderson County for just $95K per unit.

Property Status:
Sold | $95,000.00 (Wholesale)

Property Details:
Property Style:
Year Built:
Finished Sq. Ft:
Monthly HOA:
No Basement

Price: $95,000 per unit

1 Bed/1 Bath (Studio)

Size: 284 square feet

1st floor units with lakefront views

*Assignment of contracts (wholesale)

*One or both units may be purchased

*Earnest money deposit of $2,000 required per unit

Monthly HOA fees ($483/month) cover all utilities (electric, water, sewer, cable, wifi, trash pickup), condominium amenities (pool, tennis courts, lake access, common laundry area, etc.), insurance, and exterior maintenance.

Units were most recently used as a short term rentals, with nightly rental rates between $65 and $165 per night (depending on the season). One unit was previously rented as a mid/long-term rental for 8 months at $1,200/month. Units are already “turnkey”, but could also be updated/renovated to be more marketable and increase rental rates - or to be sold as quick and easy flips. All furnishings (furniture, decor, kitchen items, linens, etc.) are included in the sale price.

Estimated ARV: $160K-$170K depending on quality of renovation

Estimated Reno Costs: $10K-$12K

Recent Comps:

*1150 W Blue Ridge Rd Unit #204, Flat Rock, NC 28731

-Identical square footage and studio layout, fully renovated

-Sold for $169K on 2/21/23

*130 Old Mill Rd Unit #224, Flat Rock, NC 28731

-1 bed/1 bath unit, 450 square feet, moderately updated

-Sold for $175K on 11/20/23

*1150 W Blue Ridge Rd Unit #301, Flat Rock, NC 28731

-1 bed/1 bath unit, 397 square feet, not updated/original condition, wood paneling throughout

-Sold for $155K on 1/4/24

*1150 W Blue Ridge Rd Unit #222, Flat Rock, NC 28731

-1 bed/1 bath unit, 455 square feet, nicely renovated

-Sold for $185K on 1/30/24


Pictures of Unit #206:

Pictures of Unit #210:


For Inquiries or Offers:

(321) 946-8463


Terms of Sale:

-Cash, hard money, or private lending only

-Earnest money deposit of $2,000 required per unit

-Buyer to pay all closing costs and property is sold in as-is condition

-Wholesalers and agents, please add your fees on top of the asking price shown

-Buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property

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.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.