2519 Younts Rd, Indian Trail, NC 28079

Fixer Upper Duplex, $135,000! Optional 2 buildable, adjacent lots available! Great price at $135,000 with only upside and $1600 cash flow! Additional Pictures: https://www.dropbox.com/sh/tl2qjsaaigenjhv/AABOpwSaGk8YiSZ4tVKuH3gba?dl=0 There are two vacant and adjacent lots next door able to be built upon at .234 and .242 acres, if interested, include them in your offer. ARV is hard to determine, there is roughly $15,000 in repairs needed on each unit. Each unit has 2 beds, 1 bath, at 770 sq ft. Total property is 1540 sq ft sitting on .4740 Ac. After rehabs, each unit would easily rent for $800/mo (Income $1600/mo). Avg. Rent in area for 2 beds = $1198. Taxes last year = $698 with insurance roughly = $500 (Expenses ~ $1198). Cap Rate = (NOI or Income - Expenses) / (Purchase Price + Repairs); = (1600(12) - 1198) / (135,000 + 30,000); Cap Rate = 10.91% Within a half mile of this property, you will find two private schools, bus lines, churches, an office park, gym, restaurants, and highway 74. Built in 1971 but inside remodel has already begun with new floors, bathrooms, paint, kitchens, and cabinets. Roof is in good condition at 6 years old. Plumbing and Electrical work well. HUGE front and back yards with two driveways. Exterior Needs: mostly cosmetic such as windows, doors, paint, frames, etc. Also needs work with the wiring in back and a new gas tank to heat the second unit (forced air) Interior Needs: appliances, structural repair, and potentially fixes on the furnace in the attic. There is not sheet rock in place or insulation on the home which is livable but needed to be updated if going for a pristine fixup. NOTE: THIS IS AN ALL CASH DEAL! NO SELLER FINANCING. NO RENT TO OWN. NO HARD MONEY FINANCING, NO FINANCING, OR CONTINGENCIES AT ALL. ATTORNEY CLOSING AGENT ALREADY IN PLACE. ALL OFFERS MUST HAVE PROOF OF FUNDS TO CLOSE WITH $2,500 EMD. FOR MORE INFORMATION OR SHOWING INSTRUCTIONS PLEASE CONTACT Haydn at 321-300-4474