2301 Meadowbrook Rd, Rocky Mount, NC 27801

Property Status: Available (Wholesale) | For Sale: $60,000.00


3 Bedrooms / 2 Baths / Single Family


Property Photos


Killer Investment Property in Rocky Mount - CASH FLOW OR FIX & FLIP!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $60,000.00
Property Details:
3 Bedrooms / 2 Baths / Single Family
Property Style:
1-Story
Year Built:
1954
Finished Sq Ft:
1,552
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
Features car port
Contact Info
MADLYD Holdings LLC
(239) 410-0884

View on Individual's Website
Rocky Mount Investment Property – EXCELLENT CASH FLOWS OR FIX & FLIP! 2301 Meadowbrook Lane Offered at $60,000 CHECK OUT THE VIDEO LINK: https://youtu.be/fRiFNADErQE Attention Buy/Hold or Fix/Flip Investors! MLH Properties presents 2301 Meadowbrook Lane! Situated in the eastern side of Rocky Mount, this property is in a great location, close to the Triangle Tire plant. It is a 1552 sqft 3/2 with carport, ranch style home with an all brick exterior. The lot is flat and dry, crawl space appears to be in good condition with no evident signs of settling or other common issues. Highlights: • $60k sales price is NET to Seller. • Estimate repairs can range from 15k-25k depending on your strategy for the property. • ARV estimated to be $115k. The most recent comp sold on 7/30/2019 (within walking distance) at $73/sqft and was not in the condition that this property will be in after rehab. At $73/ft, it would yield a sales price of $113k. While we are only estimating a $115k ARV to be conservative, given that the property will be full rehabbed, we estimate ARV could go as high as $130s. • Low supply rental area in high demand; estimate rental income to be $900-950/mo conservatively. Rental upside depending on level of rehab. Opportunity for add’l income with storage shed given size of rear yard. • At 5% Vacancy & 10% Maintenance/Repairs, project $650/mo in cash flow. Email me directly for a copy of the Investor Deal Analysis (detailed breakdown of cash flows & future value projections). MLH Properties strives to provide honesty, integrity, & transparency to both sides of the transaction. We will always fully disclose our wholesale fees so you know exactly what you're getting into and what our spread is. Sincerely, Michael Agins 919-307-6292 MichaelAgins@Outlook.com Michael Agins is a licensed RE Broker in NC & FL

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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Raleigh, NC 27617
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