Johnston County -Smithfield,NC Deal - Huge Equity

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Johnston County -Smithfield,NC Deal - Huge Equity

Wholesaler · RDU, NC · Member since 2016 · 54 posts · 5 votes

Property Location/Specs: 411 S 5th St Smithfield,NC 27577 4 bedroom 2 Bathroom 2,622 sqft

House located in the Brooklyn Historic District a small, compact neighborhood located two blocks south of the central business district of Smithfield, in Johnston County, possesses strong local significance as a well-preserved collection of historic, mostly residential buildings dating from circa 1870 to 1950.

Estimated ARV: $165,000.00 – $168,000.00

Wholesale Price: $100,000.00

Recently Sold Comps( within 6-12 months)

.5 miles away -105 W Rose St Smithfield, NC 27577 4bd 3bth 2489 sqft Sold for144,500.00

0.2 miles away - 508 S 4th St, Smithfield, NC 27577 4bd 2bth 2483 sqft sold for 190,000.00

1.4 miles away - 1105 S Walnut Dr, Smithfield, NC 27577 3 bd 2 bth 1956 sqft sold for 155,000.00

1.1 miles away - 1202 S 1st St, Smithfield, NC 27577 3bd 3bth 2206 sqft sold for $157,500.00sqft

1.4 miles away - 413 Cedarwood Dr, Smithfield, NC 27577 3bd 2bth 2251 sqft sold for $185,000.00

See pics of property in Drop box link

https://www.dropbox.com/sh/x1zwmunvm3zaxx2/AADDTmwPwek6r_eZ63C-yONva?dl=0

Rehab cost based on potential buyers own capabilities/resources  and scope of work for property

Please do your own due dilligence

Closing attorney will be Travis Barkley of Barkley Law

(2k non-refundable earnest money deposit  due with accepted offer)

If interested in seeing the property contact me for the lockbox code

Aj Neal

Call/Text – 336 -346-8960

Email: [email protected]

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  • Chicago, IL · Member since 2016 · 25 posts · 3 votes
    10y

    AJ, what's the repair estimate you have on this one?  From the looks of the pics, it doesn't look like elec/plum have ever been updated, then it's the siding, sheathing, roof, gables, chimney, landscaping, walls, ceilings, windows, and insulation that will need to be done just from the picks.  And that's not including the kitchen/bath.  Are labor costs that low in that area?  I know investors in that area, so I'm just trying to get some details of the property.  

    Thanks, 

    Timothy

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