Property Description:
Tenant is a single occupant, he grew up in the neighborhood, has lived in the house for approximately 10 years and would love to stay "forever." He works 5/6 days per week, does not have pets and pays his rent on time. However, there is not an existing lease so Buyer has flexibility.
Tenant is currently paying $550 per month but understands he is paying less than market due to previous Landlord and is understanding of a pending rent increase.
Rentometer Average = $667/month Zillow Estimated Rent= $800/month
Tenant is low maintenance and keeps the property up himself. No repairs are needed however upon my walkthrough I noted the following:
-Exterior could use pressure washing, a piece of wood over the porch is loose and a shutter has come off.
-A cabinet door has come loose in the kitchen.
Pictures and videos are available here:
dropbox.com/sh/vnzqr716honze56/AADxP8pr_cX7ekfXcCxlA5-ea?dl=0
Offered at $41,500
Buy it NOW: $39,900
Seller has requested we not complete additional walkthroughs until after closing due to concern about bothering the tenant. I will setup a walkthrough/inspection period after closing however I am offering to "Buy it NOW" if you'd like to grab it sight unseen in advance of showings and competition.
A deposit of $1,500 will be due at the time of signing.
Please contact:
Dan DeLeo
dan@lionpropertiesnc.com
919-538-1385