Fantastic Investment Opportunity on 1 acre in Lexington, NC!!!
Calling all investors!!! Looking for a great off-market investment opportunity? Look no further! This single story home with a loft built in 1922 and renovated in 1950 contains 1500 sq ft and is located on 1.01 acre in Lexington, NC. This property is a blank slate for an investor- the build out possibilities are endless. It is important to note that this property is not hooked up to water or sewer, however there is public water access and septic permits have been filed and approved in recent years. Septic construction permits have perviously been approved for a 2 & 3 bedroom dwelling. ***Septic Permit has been paid for and requested with the county- pending approval of permit which will be transferable to end buyer*** Perfect fixer upper for an investor looking for an off-market investment opportunity for their next flip or rental. This house sits on a corner lot. Prior soil perk tests and permits are on hand. Fair Market Rent for a 3-bedroom rental in 2024 according to Davidson County, NC HUD Metro FMR Area is $1264/mo.
Estimated ARV: $200,000.00-$225,000.00 depending on buildout & repairs
As a 3 bedroom/ 2 bath- $225,000.00 +/-
As a 2 bedroom/ 1 bath- $200,000.00 +/-
Asking $62,500. Assignable Contract. Serious Inquires Only! This is an AS-IS CASH ONLY sale! $2500 non-refundable deposit required to enter into contract.
***AGENTS WELCOME- ADD YOUR FEE TO THE TOP OF ASKING PRICE***
***if you are interested in this property, please reach out to us directly***
Direct and legally binding and assignable purchase and sale agreement has been executed between the owners/sellers for the purchase of this property and a memorandum of contract has been recorded. We are offering to sell our equitable interest in this property. This contract is available for purchase for an assignment fee included in the price shown above. Do not attempt to contact the seller/owner for any reason. Swift legal action will be taken. ZERO UNAPPROVED RE-MARKETING WILL BE TOLERATED.
