115 Allen Ave, Franklinton, NC 27525

Property Status: Available (Wholesale) | For Sale: $110,000.00

3 Bedrooms / 1.5 Baths / Single Family

Property Photos

Rare find **Calling all Buy and Hold Investors for this turn-key property. MOVE IN READY!

Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $110,000.00
Property Details:
3 Bedrooms / 1.5 Baths / Single Family
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Property Features:
Central Air
Bonus Room
Contact Info
InFlight Property Solutions, LLC - HomeVestors of America
(919) 906-2078

View on Individual's Website
This one-story brick ranch is move in ready! Features new HVAC, new roof, new flooring throughout, large eat-in kitchen, recently painted, oversized lot, storage building. City water and sewer. Half bath in Master could be converted to a full by adding a shower in place of a large closet.*** New houses being built on street (one right next door) as well as a few completed renovations. This neighborhood is heating up, get in early! Franklin Co has become a bedroom community for Wake Forest who has seen a 236% increase in population since 2000. Franklin Co has seen a 2.4% increase in population yearly. Franklinton is an EASY commute to Wake Forest and North Raleigh.*** Repairs (as always, come take a look and do your own due diligence):*** Rental - possible water heater replacement, water is not currently on to test, unknown age, seller states it works - water spot in bonus room ceiling needs repaired. leak was fixed when new roof was put on That's it!!*** Full Retail: - update kitchen, convert half bath to full (space is there to do this easily), water heater, some other cosmetics*** ARV $135 - 140k ($100/SF) conservatively (do your own due diligence)*** Other 3/2's in the neighborhood sold for $118 - $133 per SF*** Rentometer has rent estimate at $1,260 +/- 7%*** Preferred Lender has been secured who is willing to finance $90k of the purchase price if you want to BRRRR strategy this property.*** Under contract, can be assigned or double closed - Cash Sale Only

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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