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Alamance Property Solutions LLC

PO Box 54
Haw River, NC 27258
 (336) 684-8196
Contact Us

Alamance Property Solutions LLC

PO Box 54
Haw River, NC 27258
 (336) 684-8196
Contact Us

703 - 705 E Brown St, Mebane, NC 27302

2 Bedrooms / 1 Baths / Single Family

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



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


Property Details:
Property Style:
Ranch
Year Built:
1962
Finished Sq. Ft:
1,450
Basement:
No Basement
Owner/Agent:
Wholesale

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.



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