Off-Market 3BR/3BA Duplex in Burlington NC Assigned

  • $70,000
  • 3 beds
  • 3 baths
  • 1,490 sqft
Assigned

Hidden Gem in Burlington. Currently set up as duplex. Landlords and buy+hold investors take notice! Here’s your chance for long-term cash flow. Can be kept as duplex or converted back to single family home. almost 1,500SF of space. Property was built in 1928. The property will be delivered vacant. Fixer upper in need of TLC. There’s 2 bathrooms upstairs, one on each side of duplex and a bathroom in rear of left unit. 

Repairs needed: upgrade electrical, upgrade plumbing, drywall, replace all windows, install central HVAC. Roof in decent condition. update kitchens and bathrooms. 

Located just minutes off I-85, nestled between the Triangle and the Triad. Easy commute to Greensboro-High Point-Winston or Raleigh-Durham-Chapel Hill. Close to highway, shopping, and restaurants.

Address: 313 Cleveland Ave, Burlington NC

3BR, 3BA 1,490SF, .20 acres

YR Built: 1928

Price: $70,000

Repairs: TBD by Investor

ARV: $185,000

Annual rent: $800 per unit / per month x 2 = $1600/mo x 12 = $19,200

Link to photos

 Occupancy: Occupied, do not disturb tenants. The property will be delivered vacant.

 Comps

As-Is Comps

609 Everett St Burlington Sold for $80,000 4/1/2021, 3BR/2BA

1721 Whitsett St Burlington NC, sold for $95,000 5/4/2022, 2BR/1BA, 1,050SF

119 N Anthony St Burlington, Sold for $110,000, 9/23/2021, 3BR/2BA 1862SF

ARV Comps

1063 Queen Ann St, Burlington NC Pending $215K, 3BR/2BA 1,554SF, investor originally purchased for $85,000

1027 W Main St, Burlington NC Listed for $315K, started as 2BR/1BA, now 4BR/3BA, investor purchased for $80K, remodeled and finished basement doubling square footage, now listed for $315K

Showing: With accepted offer only

*Contact Polite Properties at 919-332-1012 or email marcus@politeproperties.com or Info@politeproperties.com to make offer.

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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.

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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 $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.

Copyright © 2022 Polite Property Investments LLC, All rights reserved.

Price:
$70,000
Address:
313 Cleveland Ave
Burlington , NC 27215
Square Feet:
1,490
Lot Size:
.20 acres
Bedrooms:
3
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1928
Const. Type:
Frame

Call 877-359-1923 for more details

Property Location