This is a special deal for investors that like buying income producing properties. If you just look at the residual return on this. It has great potential and APR, because property can be rented. The current tenant that is in the house is willing to sign a lease up to 2 years for $600 a month. The purchase price is $39,979 so that is around a 20% cap based on your return. Overall this home has the best location. Very close to I-26 and I-85. It is a very nice brick, ranch style home with a brand new architectural roof, as well as a newer heating and air system. According to the current resident of the house it is a 2009. There is a laundry room and one extra room on the back that is presently used for storage. It would be perfect for a Florida room, or just a gathering area because it does not have heat or air. The home needs lots of cleaning and TLS, but the tenant that is staying there would like to keep it the way it is, and stay in the home with a signed lease. The lot is very nice, mostly leveled, and gently rolls to the back. There are two fenced-in areas, one in the back and one in the front with a double gate. There is a one car attached car port. To top it all off there is a good sized storage building in the back.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
