3 bedroom 1 bath 1,204 SqFt cottage available for assignment in Burlington. Public records lists property as 2BR, but currently being used as 3BR and can be converted into a legal 3BR by adding closet. Property has adequate square footage to add 2nd bathroom to increase value even more as a 3BR/2BA, (which routinely sell for $200K+ in this zip code). This home is a hidden gem with a lot of character. Ideal for fix & flip, or Rental.
Roof replaced in 2021, all plumbing replaced with PVC in 2019, hot water heater replaced 2020. Updated electrical panel box. Gas furnace with cast iron burners. No central AC, currently has 3 window AC units.
Address: 608 Oak St. Burlington, NC 27215
Repairs needed: TBD by investor
Market rent: TBD by investor
Occupancy: Tenant occupied. Do not disturb tenant. Tenant is paying $830/month, tenant is on month-to-month lease.
Showing: By appointment only
*Contact Polite Properties 336-296-8713 or email Info@politeproperties.com to RSVP for showing.
*If you prefer not to bid against other investors, offers may be accepted before showing date. If accepted, contract will be assigned and a private walkthrough will be scheduled.
Disclaimer: Please do your own due diligence. House is being sold as-is, and the buyer is to pay all closing costs. Price based on a cash or hard money offer. All properties offered are either owned by Polite Property Investments LLC, or under contract and selling equitable interest, or offered in conjunction with a business associate. All offers on properties require a $2,500 non-refundable earnest deposit and 10 day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. If You or Your entity do ANYTHING to jeopardize the contract between Polite Property Investments LLC and seller of the property, including but not limited to marketing the property without authorization, putting the property on craigslist, or going to the property without permission YOU or Your ENTITY WILL BE HELD PERSONALLY RESPONSIBLE FOR DAMAGES OF TOTAL PROJECTED PROFIT MARGINS.
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