Off-market Winston Salem Duplex – Buy & Hold of Fix & Flip For Sale

  • $94,900
  • 4 beds
  • 2 baths
  • 1,510 sqft

Landlords & Buy+Hold investors, here’s your chance for cash flow in Winston-Salem! Buy and hold for long term wealth.

4414 Ogburn Ave is a duplex home in Winston-Salem, NC. This 1,510 square foot duplex sits on a 1/2 acre lot and features 4 bedrooms and 2 bathrooms (each unit is 2BR/1BA). This property was built in 1923.

Property is in solid condition, could use some TLC. Repairs needed: replace roof, replace HVAC to unit 1, replace bathroom in unit 1, remove tree branches. Property appraised As-Is for $108,000. After repair value $125,000

Unit 1: Tenant in place paying $450.00 month to month, (Market rent is $650/mo)

Unit 2: Tenant in place paying $500.00 month to month, (Market rent is $650/mo)

*Both tenants Month to Month

Current monthly rent: $950

Meets 1% rule

Market gross monthly rent: $1300/mo

Market Gross Annual Rent: $15,600
Price: $94,900 CASH

Est repairs: $12-15K

ARV: $125,000

As-Is appraised value: $108,000

*The median days on the market for properties in this area is 42 with a median list price of $299,900 and median cost per square foot of $128.

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****Seller Financing Available! No Bank Qualifying

Price: $110,000

$30,000 Down

$750/month for 60 months

Balloon payment at end of 60 months or 5 years.

Estimated Cash Flow: $400-500/month

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Showing available upon request

Buyer responsible for due diligence and walkthrough/inspection of the property.

$2,500 non-refundable deposit. 

Call/text: 336-281-0446 or email Dedric@politeproperties.com

Price:
$94,900
Address:
4414 Ogburn Ave
Winston Salem, NC 27105
Square Feet:
1,510
Lot Size:
.52 acres
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Apartment
Year Built:
1923
Const. Type:
Wood Frame

Call 877-359-1923 for more details

Property Location