N
Seller's Agent in 2021
Noel Hedley
Keller Williams Lake Norman
638 W Front St Statesville, NC 28677
5
Beds
3
Baths
2,256
Sq Ft
10,454
Sq Ft Lot
About This Home
As of February 2021Investor special 3-plex with potential for substantial $1,000 +/- month cash flow! Two: 2 bedroom units down stairs and 1 studio apartment up stairs. Unit A: vacant - projected rent of $700 / Unit C: Vacant - projected rent of $700 / Unit B: Rented $325 (good, long term tenant.) BRRRR scenario: $195,000 (ARV) - $45,000 (Rehab) x .70% = $105,000 purchase price. Refinance = $195,000 (appraised value) x .70% (Loan To Value) = $136,500 back into your pocket. Equity gained: $58,500 (30% equity left in property.) Rent and cash flow roughly $1,000 plus per month with $58,500 equity left in property! OR renovate and flip for a quick 50k plus profit!! *All information deemed to be accurate / projected and up to the buyer/buyer agent to determine/verify.* HVAC does not work. Sold "as-is, where is."
Last Agent to Sell the Property
Noel Hedley
Keller Williams Lake Norman License #322121 Listed on: 01/18/2021
Co-Listed By
Madison Shadley
Keller Williams Lake Norman License #320485
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 10,454
Home Design
- Triplex
- Stucco Exterior
Bedrooms and Bathrooms
- 3 Full Bathrooms
Listing and Financial Details
- Tenant pays for all utilities
- Rent includes exterior maintenance, snow removal
- Assessor Parcel Number 4734-74-5204.000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2021 02/02/21 | Sold | $82,500 | -17.4% | $37 / Sq Ft |
| 01/21/2021 01/21/21 | Pending | -- | -- | -- |
| 01/18/2021 01/18/21 | For Sale | $99,900 | 0.0% | $44 / Sq Ft |
| 01/16/2015 01/16/15 | Rented | $350 | 0.0% | -- |
| 12/17/2014 12/17/14 | Under Contract | -- | -- | -- |
| 12/03/2014 12/03/14 | For Rent | $350 | -22.2% | -- |
| 06/05/2014 06/05/14 | Rented | $450 | 0.0% | -- |
| 06/05/2014 06/05/14 | For Rent | $450 | 0.0% | -- |
| 04/29/2014 04/29/14 | Rented | $450 | 0.0% | -- |
| 04/28/2014 04/28/14 | Under Contract | -- | -- | -- |
| 03/22/2014 03/22/14 | For Rent | $450 | +28.6% | -- |
| 05/03/2013 05/03/13 | Rented | $350 | 0.0% | -- |
| 04/03/2013 04/03/13 | Under Contract | -- | -- | -- |
| 03/27/2013 03/27/13 | For Rent | $350 | -12.5% | -- |
| 03/01/2013 03/01/13 | Rented | $400 | 0.0% | -- |
| 01/30/2013 01/30/13 | Under Contract | -- | -- | -- |
| 01/25/2013 01/25/13 | For Rent | $400 | +33.3% | -- |
| 07/23/2012 07/23/12 | Rented | $300 | 0.0% | -- |
| 06/23/2012 06/23/12 | Under Contract | -- | -- | -- |
| 06/22/2012 06/22/12 | For Rent | $300 | -- | -- |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
M
Seller Co-Listing Agent in 2021
Madison Shadley
Keller Williams Lake Norman
-
Brittany Marlow
B
Buyer's Agent in 2021
Brittany Marlow
Excel Real Estate Group
(704) 657-5610
24 in this area
32 Total Sales
-
T
Seller's Agent in 2015
Tommy Coley
Coley Properties
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3698457
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