Singlewide on permanent foundation and run down house on ½ ac double lot

18 Sloan Rd, Roxboro, NC 27574

$70,000 After Repair Value -
$36,000 Asking Price -
$8,000 Cost of Repairs =
$26,000 Potential Profit

Property Details

Asking Price $36,000

After Repair Value $70,000

Costs of Repairs $8,000

Potential Profit $26,000

Living Area 528 ft2

Property Type Mobile Home

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $7,200

Yearly Expenses $500

Property Taxes $300

Net Operating Income $8,000

Cap Rate 18

Property Description

Singlewide house on permanent foundation and ½ ac double lot located just outside the Roxboro City limits in Person Co. 2bedroom 1 Bath 12x44 home & three large decks in fair condition. Missing doors, soft floors in kitchen area. 38 Sloan is694sf house substandard const, poor condition, buckled, soft & missing floors, out of plumb walls, no bathroom. Conditionof Heating, Cooling, Electrical, Plumbing, Waterwell & potential for rebuild or habitability are unknown. Per Roxboro PublicServices, a water main is in Mountain Rd and SW is connected to City sewer main off back of property, which runs alongMarlow Creek floodplain. 100sf shed seems dry, needs repairs. SOLD AS-IS: Owner will make no concessions or repairs.Roxboro is a hidden gem rich in history and culture, with local restaurants, cafes, theaters, art galleries, a winery &brewery. Enjoy the sports fields and trails at Huck Sansbury Rec. Ctr or fish and relax at 1,000 ac Mayo Lake Located just30 mi to Durham Triangle Area.

Repairs Needed

replace kitchen floors, replace exterior doors, repair windows, new HVAC window units, new flooring, new paint, repair decks. ARV does not include 38 Sloan Rd (green house)


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