Cute 2-bedroom home on a flat lot in the charming town of Mt Airy

263 Maple Dr, Mt Airy, NC 27030

$130,000 After Repair Value -
$43,950 Asking Price -
$42,000 Cost of Repairs =
$44,050 Potential Profit

Property Details

Asking Price $43,950

After Repair Value $130,000

Costs of Repairs $42,000

Potential Profit $44,050

Living Area 895 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $10,740

Yearly Expenses $775

Property Taxes $300

Net Operating Income $9,665

Cap Rate 11.25

Property Description

Cute 2-bedroom home on a flat lot in the charming town of Mt Airy. Back of home is partially overgrown with vines. Severaldoors & windows missing and a portion of the roof has failed. Needs a trashout. No septic permit found. The existence andcondition of Heating, Cooling, Electrical, Plumbing, bathroom, Waterwell and potential for rebuild or habitability are poor tounknown. SOLD AS-IS: Owner will make no concessions or repairs. Mt Airy is rich in musical history and culture, with localrestaurants, cafes, theaters, art galleries, vineyards & brewery. Convenient to Mall, several grocery stores, greenway, parks& hospital. Great fishing, hiking, climbing and other recreation opportunities nearby, at Pilot Mountain State Park and onthe Yadkin River. Located about 90 mi from Charlotte or the Research Triangle or the Blue Ridge mountains.

Repairs Needed

needs new roof, new bathroom, renovate kitchen, replace windows & doors, repair deteriorated wood and interior, new HVAC, new flooring and paint.


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