3271 State Highway 181, Morganton, NC 28655
Great opportunity in Morganton, NC!
This Morganton home consists of 3 bd/ 1 ba/ 950 sqft of living space on a 0.58 Acres lot. Don’t miss out on this great opportunity!
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 50% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$115,000
After Repair Value:
$215,000
Investment Duration:
50 Days
Return on Investment:
50%
Rehab Cost
$24,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $194,000 and has made a 25% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Matthew Gibson
Rehab Cost Breakdown
Exterior:
- Roof Replacement: $3,000
- Exterior Painting: $2,000
- Landscaping: $1,000
Interior:
- Kitchen Remodel: $3,500
- New cabinets, countertops, appliances, flooring
- Bathroom Remodel: $3,000
- New vanity, toilet, tub/shower, flooring, tile
- Flooring: $3,000
- Interior Painting: $2,000
- Electrical Upgrades: $1,500
- HVAC Replacement: $3,000
- Plumbing Upgrades: $1,000
- Cleaning: $1,000
Total Rehab Cost: $24,000