Kannapolis Flip - Newell
Status: In Progress
Result/Profit: TBD
Purchase Price: $92,000
Estimated Rehab: $40,000
ARV: $194,000
Estimated Rehab Time: 4 weeks
Bed/Bath: 2br/1ba
List Price: $102,000
Close Date: August 13, 2020
Source of Deal: MLS (FSBO)
Funding Source: Private Lender
Size: 1,254 sqft
It's hard to put a finger on the most exciting aspect of this property...is it the spacious floorplan? The opportunity to convert 200+ sqft to a third bedroom, second bathroom, and more than 1,500 sqft house? The detached shed/workshop filled with treasures? Or the additional parcel of land that came with the house? Hard to say, but this is a first flip to remember!