1112 Newport Ave, Elizabeth City, NC 27909
Great opportunity in Elizabeth City, NC.
This Elizabeth City home consists of 2 beds, 1 bath, 812 sq ft of living space on a 8,102 sq ft 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 60% 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:
$70,000
After Repair Value:
$179,500
Investment Duration:
35 Days
Return on Investment:
60%
Rehab Cost
$21,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $165,000 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
Matt Conwell
Property Details:
- Size: 2 beds, 1 bath, 812 sq ft
- Lot: 8,102 sq ft lot
- Year Built: 1962.
Rehab Cost Breakdown
- HVAC Install:
- Kitchen Update: Painting existing cabinets, replacing countertops, adding a tile backsplash.
- Paint: Extensive surface prep (including paneling), priming, and applying fresh, neutral paint to all walls and ceilings.
- Minor Flooring Fixes: Small area patching, ensuring transitions are sound, and localized subfloor repairs.
Total Rehab Cost: $21,000
Total Rehab Cost: $,000