Off-market wholesale 3 bed 2.5 townhouse condo in Northclift neighborhood. Buy + hold rental, Airbnb or quick flip. Located just minutes from downtown Raleigh, NCSU, Beltline, Meredith College, Cary. Open floor plan downstairs, three good sized bedrooms upstairs. Needs updating. Excellent opportunity for investor, flipper, short term rental, owner-occupant, student housing. Community offers pool/tennis. Unit has fenced-in backyard, EASY RENTAL!
Address: 5536 Forest Oaks Drive, Raleigh, NC 27609
3 Beds/2 Baths, 1,296 Sq Ft
Year Built: 1981
Price: $179,995
ARV: $280,000
Repairs: TBD by investor, link to Video Walkthrough
Airbnb/Short Term Rental comps: $3,300-4,400/mo
Market Rent: $1,860 (From Rent Cast)
Repairs needed: Kitchen, bathrooms, flooring, paint, drywall, carpet, light fixtures, windows
Condo fee: $180/mo includes water, access to pool, dog park
Occupancy: Vacant, on lockbox, easy to show
Sold Comps
5500 Forest Oaks Drive, Raleigh NC, 3/2.5, 1287SF, Sold for $292K July 2024
5524 Forest Oaks Drive, Raleigh NC, 3/2.25 Sold for $273K, Nov 2024
5615 Wispy Willow Lane, Raleigh, NC, 3/2.5, 1289SF, Sold for $260K Oct 2024
1706 Township Circle, Raleigh, NC, 3/2.25, 1284SF, Sold for $255K Nov 2024
Showing: TBD. *Must Call or email to RSVP for showing.
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FOR MORE INFORMATION CALL TO MAKE AN OFFER:
CALL Polite Properties at 617-851-2364 or EMAIL Dedric@politeproperties.com
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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. $2,000 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 617-851-2364 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 $2,000 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.