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424 S Gaines St, Southern Pines, NC 28387

3 Bedrooms / 1 Baths / Single Family

Property Status: Sold (Wholesale) |  Sold: $65,000.00

Property Photos

Cash Flowing Southern Pines Rental Available Now!

Property Status:
This Property is currently...
  • Status: Sold (Wholesale)
  • Sold: $65,000.00
Property Details:
3 Bedrooms / 1 Baths / Single Family
Property Style:
Finished Sq Ft:
No Basement
Owner / Agent:
Property Features:
Central Air
Contact Info
Lion Properties of NC, LLC.
(919) 473-6650

View on Individual's Website
Property Description:

Turn Key Rental Available in Solid Southern Pines Neighborhood




Rented for $700/month
MTM Lease & Planned Increase to $750/month
Offered at $65,000

This is a great rental opportunity in a transitioning and well positioned neighborhood. Property is less than a mile to US-1 and downtown Southern Pines. 

3 beds, 1 bath, 1000sqft
Property also comes with a second lot which is vacant but maintained and can be developed or held for future equity

Home has been well maintained and has a great tenant! 
Tenant is month to month but would like to stay "forever"
Tenant paying $700/month and is agreeable to increase to $750 (with future increases as needed).

Offered at $65,000 (deposit required)


Note: If flipped ARV would be +/- $120,000 based on nearby comps.

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.

Triangle Real Estate Investors Association 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.

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Triangle Real Estate Investors Association

727 West Hargett Street, Suite 209
Raleigh, NC 27603
(919) 754-3904

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