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Archived about 5 years ago

$14,900

3 bd 1 ba 1324 sqft

314 Clegg St, Shelby, AL 28150

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

314 Clegg St, Shelby NC, 3BR House in Shelby for Only 15K

The Numbers
Price $14,900
Updates / Repairs 5K to 15K
Cash Flow $500 per month

Property Details
BR 3
BA 1
SQFT 1324
Acres 0.2 Acres
Built 1925
Repairs Needed

Cash or hard money only
Must be able to close in 2 weeks
$1,000 non-refundable deposit
Buyer pays all closing costs
Property will be sold as-is
Please Do Your Own Due Diligence Before Signing Contract

We are offering a 3BR house in Shelby for Only 15K. It can be an amazing cash flow rental property.
The house has large covered front porch, hardwood floors, roof is in good shape. Needs HVAC unit. With some basic updates of paint, windows and cosmetic updates, it has potentials to generate $500 per month in rent. Located inside city limits. Nearby houses are priced around 15K to 25K and the house next door is rented for $450 per month.

Investors Rehab is a property wholesaler and has been providing deep discounted properties in the Carolinas for over 10 years to homeowners and investors looking for a fix & flip or cash flow rental.

You will need, cash, private money or hard money and need to be able to close within 1-2 weeks, as our properties sell very fast.

All closings are held at a state licensed attorney office, just like any other real estate closing.

For more pictures please visit our site - http://www.investorsrehab.com/property/314-clegg-st-shelby-nc-3br-house-in-shelby-for-only-15k/

Please call our asset manager Daniel at..., or email [email protected] ASAP to get more pictures, details, availability status, and to schedule a viewing of the property.

Location:

314 Clegg St, Shelby, AL 28150

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.