Property Description:
25 Dew Waite Rd, Black Mountain, NC 28711
Price: $185,000
2 Beds/1 Bath
Size: 818 square feet
Year Built: 1949
Lot size: .59 acres
City water and sewer
*Assignment of Contract
Charming 1949 cottage/bungalow on .59 acres in Black Mountain. Buncombe County records have the house listed as a 2 bed/1 bath property, but there are actually 2 bathrooms as well as an additional/spare room that could potentially be used as a 3rd bedroom. Original hardwoods throughout most of the house. Property does not currently have a valid AC/heat source, and the electric service is 60 amps.
Estimated ARV: $320K
Estimated Reno Costs: $50-$60K, depending on level of updates
Rent Estimate: $1,800/month
Estimated Costs to Make Property “Rent Ready” (LTR): $10-$15K
Link to Additional Photos:
drive.google.com/drive/folders/1nd3N-iBHdzw8-ME58oSmmuOJ-efe0hd4?usp=drive_link
Comps:
*289 Pine Street, Black Mountain, NC 28711
-2 bed/1 bath, 745 sq. ft., built in 1940, .16 acres
-Sold on 8/30/24 for $290,000
*214 Rattlesnake Mountain Rd, Black Mountain, NC 28711
-3 beds/1 bath, 1,121 sq. ft., built in 1956, .47 acres
-Sold on 2/20/24 for $370,000
*146 Reservoir Rd, Black Mountain, NC 28711
-2 bed/2 bath, 840 sq. ft., built in 1960, .19 acres
-Sold on 1/19/24 for $300,000
*28 South Street, Black Mountain, NC 28711
-2 bed/1 bath, 750 sq. ft., built in 1968, .85 acres
-Sold on 10/25/23 for $316,000
*104 Buckner Rd, Black Mountain, NC 28711
-1 bed/1 bath, 585 sq. ft., built in 1956, .38 acres
-Sold on 3/6/23 for $325,000
*14 Dew Waite Rd, Black Mountain, NC 28711
-2 bed/1 bath, 816 sq. ft., built in 1936, .28 acres
-Sold on 4/29/22 (almost 2.5 years ago) for $260,000
For Inquiries or Offers:
info@horseshoehomesllc.com
(321) 946-8463
Disclaimer: We are in possession of an assignable Purchase and Sale Agreement that will allow us to purchase this property. We are selling the rights to the Purchase and Sale Agreement that will allow you to purchase the property. We are not licensed realtors. Buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. No conventional financing allowed. Asking price above includes original contract price and assignment fee. Cash, private lending, or hard money only. Buyer pays all closing costs and property is sold in as-is condition. Properties are sold on a first come first serve basis. The estimates and assumptions used herein are not a guarantee for the performance of the investment.