With some attention and gentle care this can be your money-maker, under market value investment. This home is located within walking distance to the south part of the river walk, 117 Mebane St. 3 beds 1.5 baths, 812 sqft, lot size: .17 of an acre, repairs needed to owner finance 10k: stabilize foundation, plumbing/electric up to code, fresh paint kitchen/bath, patch up roof leak, repair sheetrock damage on ceiling, lawn maintenance.
Exit Strategy:
Owner Finance with 10k in repairs, then resale at $109,000.00 $1,100.00 monthly mortgage includes PI/TI, 30 year amortization, can sell note after 1-2 years
Rent: $1000 with 10K in repairs
