Fixer Upper 1/2 Mile to UNCG! Student Rental or Flip! For Sale

  • $89995
  • 3 beds
  • 3 baths
  • 1400 sqft

Off-market fixer upper available for assignment walking distance to UNC-Greensboro. Contractor special, demo & framing already done. Keep as single-family or convert into 3 x 1BR/1BA units. (Cash Flow!)

(950sqft downstairs & 450sqft attic – year built 1945 – lot size 5,662 sqft

Lots of POTENTIAL. Fix+Flip, Fix+Rent, AirBnb tons of possibilities.

Address: 1101 Gregory St, Greensboro, NC 27403

Price: $89,995

Market rent: $1,500-1,800/mo ($500-600 per room)

Airbnb/Short Term Rental potential: $3,500/mo

Repairs needed: TBD by investor

ARV: TBD by investor

Occupancy: Vacant

Showing: TBD, Link to Pictures

If you choose to permit this work, it could become an SFR with an accessory structure and a finished attic.

Some framing has been done based on the attached drawings.

The exterior renovation has been completed (95%) with a restructured roof slopes. And shingles, some wall expansion (exterior), enclosing porches and finished vinyl siding, vinyl windows, and new entrance porches.

The three mini-split, ducted heat pumps for the units have been purchased and are still in the boxes (and go with the property.)

Some PEX water lines and 12 ga wires also go with the property.

There is a laundry/utility room that can be used by the tenants and an area designated as a storage/workshop.

The New 200 amp service has already been installed and is active.

There were plans for a 10×20 parking pad for one tenant, and there would be on-street parking for the other two tenants.

This project is designed and set up to be permitted or not permitted. Everything is set up to go either way.

It will be a fantastic income producer with a ready-made market of college students or young professional urbanites.

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*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.

We are selling our assignable purchase agreement on this property. $3,000 non-refundable deposit required upon acceptance of offer.

Call to schedule a showing. Do not show up to property without an appointment.

For More Info or to make offer call Polite Properties at 336-281-0446 or email Info@politeproperties.com. For more off-market wholesale deals like this, sign up for our VIP Cash Buyers list at www.reicashbuyer.com.

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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 $3,000 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.

Copyright © 2021 Polite Property Investments LLC, All rights reserved. 

Price:
$89995
Address:
1101 Gregory St
Greensboro, NC 27403
Square Feet:
1400
Lot Size:
5662
Bedrooms:
3
Bathrooms:
3
Terms:
For Sale
Property Type:
Apartment
Year Built:
1945

Call 877-289-6436 for more details

Property Location