Off-Market Brick Ranch in Lexington, NC!!!
Off-Market single story brick ranch in Lexington with tons of potential upside for an investor!!!! 3bed/1bath single family, single story, brick ranch containing 1340 square feet on .26 acres in Lexington. House also has an attached carport as well as a nice attached screened in back sunporch. This house had plenty of room to be converted into a full 3 bedroom 2 bath. This property has been a rental property and has been well kept- everything is in good working condition. Great investment opportunity for someone looking for their next property to flip or a ready to go rental property. Located in 27292 zip code in Lexington in a well established neighborhood close to HWY 85 and uptown shopping, restaurants, and breweries. Priced deeply discounted under current market value, huge ROI potential. At a low estimation of $150.00/per sqft, Estimated ARV of +/-$201,00.00 as a 3bed/1bath. Fair Market Rent in Davidson County for this property would be +/- $1264/per month according to the 2024 Fair Market Rent Website (huduser.gov).
Very similar house located at 519 Myers Park Drive in Lexington NC sold in 2023 for $210k which actually contained less square footage at 1132 square foot. 519 Myers Park Drive is a single story brick ranch built in 1953 with and attached 1 car carport containing 3 bedrooms and 1 bathroom. Honestly, this house looks almost identical and was more than likely built by the same builder.
Asking $145,000 OBO. Serious Inquires Only! This is an AS-IS CASH ONLY sale! $2500 EMD required to enter into contract. 2 week or less close required.
***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.
