Nice Property out in the country.

334 Luther Banks Rd, Richlands, NC 28574

$130,000 After Repair Value -
$120,000 Asking Price -
$0 Cost of Repairs =
$10,000 Potential Profit

Property Details

Asking Price $120,000

After Repair Value $130,000

Costs of Repairs $0

Potential Profit $10,000

Living Area 1,258 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $10,000

Yearly Expenses N/A

Property Taxes $627

Net Operating Income N/A

Cap Rate N/A

Property Description

Have you ever thought about getting into the property rental business? This would be the perfect home to start with. It is a 3 bedroom 1 bath Brick home in the beautiful woodlands of Richlands NC. The property is just 6 miles from the Albert J. Ellis airport, and right down the road from the local tourist attraction, Mikes\' Farm . The home is 1,258 square feet, and sits on a 0.92 acre lot. It has a large, wired, workshop, and a fenced in area if one desired to keep goats, pigs, chickens, etc. There is a beautiful front porch, and a big back deck to enjoy cookouts or the NC sunsets. This home would also make a great fix and flip, if you decided you wanted to go that way, although it really does not need much work. Great opportunity either way. The current renter pays 800 per month. This is an as is purchase.


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