Property Description:
Sub-to opportunity in Morganton with a $25,000 entry fee which includes cash to seller. Seller's current mortgage payment is $567.07 with 3.875% interest. Property has a $49,800 note which must be refinanced or sold within 12 months. Estimated ARV is $169,000 and the market rent is $1,300/mo. EMD of $5,000 is required.
This property needs some work, but with a reasonable amount of energy it will make a profitable rental. Repairs to HVAC, some electrical, and the deck will be required, but the foundation is sound. Property walkthroughs are permitted to cash or hard money buyers who can provide proof of funds. A clean and insured title will be delivered at closing.
Contact us for more information and to make an offer!