Property Description:
Great Upside in this Big Coastal Area Project
Close to New Bern and Greenville
Located in Bath, NC just outside of Washington, NC and close proximity to Greenville, New Bern and the Outer Banks. This is a big project but leaves room for a ton of upside. The house is over 4,000sqft and is located on approximately 2 acres yet it is in a growing and popular area with MANY strong comps.
The house will need a full interior renovation. Roof is functional, three HVAC units are all functional, electrical is functional. Has a newer tankless water heater. Two electric panels, no known issues. Septic in good condition per seller.
There are 5 bedrooms and 3 bathrooms upstairs area of the house along with two bedrooms and two bathrooms in the downstairs area (all connected via interior steps). There are several ways the property could be renovated- a single family house, or separate the downstairs into it's own living quarters; it has a separate kitchen. Two car garage.
7/5/4,100sqft (approx please verify)
2 Acre Lot
Roof age unknown but no known issues per owner
Located in clean area with strong comps
Structurally sound, will need cleanout and full cosmetics
HVACs and water heater in good shape, no known issues
City water/septic
Vacant and ready to close
Contact for access.
As always, YOU ARE RESPONSIBLE FOR YOUR OWN DUE DILLIGENCE. WE MAKE NO CLAIMS ABOUT THE HISTORY OR CONDITION OF THE PROPERTY.
Pictures: dropbox.com/scl/fo/45wwq42x8kn6ck90k5yf6/AEGfB0UbCz9YwWT1yXto64o?rlkey=omas8j8k9z6f6miq4shuoluun&st=qzgqgmbh&dl=0
ARV: $575,000 - $625,000**
Rent Estimate: $3,900/mo (if renting entire property)
Asking Price: $198,500
Deposit: $2,500
**We are seeing comps ranging from $600 - $800k based on $/sqft. However we recommend pricing aggressively, and this deal affords plenty of room to do so. We therefore recommend working off an ARV of $575 - $625k.
*Agents please add your fee above asking price.
*Sight unseen offers and offers from prior partners will receive priority.
*Buyer pays closing costs
For additional information or to view this property please contact:
Dan DeLeo
919-538-1385
dan@fivelionsnc.com
Disclaimer: We are not realtors and are not acting as such; please complete your own due diligence prior to submitting an offer. This contract is being offered for assignment; this has been communicated to the Seller and the contract has been certified with the Register of Deeds. Any attempt to usurp, re-market or re-brand this agreement will be viewed as hostile and will be prosecuted as such resulting in immediate legal action.