It has been difficult to find the time to put
the regular investor suggestion list together, and just as I had a list
finalized, several properties went under contract and I had to revise it. But
it is finally accessible via the link below. Again; I recognize some of you
prefer "fast fix-and-flip" properties while others prefer rental
yield from low-risk investments. Still others function under hybrid business
models. So I try to cover a variety of goals and geographical areas in this
list. I understand not all properties will work for all investors. A brief
summary of this weeks suggestions follows:
#1 - MLS 2160476 - 3BR/2.5 BA in the Lake Park community in Indian Trail (nice common areas; good school assignments); this is a Fannie Mae REO with 24 DOM (so available to investors); priced at $135,000 with a tax value of $175,100;
#2 - 2157097 - 3BR/1.5 BA in that Mint Hill/Charlotte border area; this is a HUD home with 39 DOM (so available to investors), listed at $89,000. HUD tends to negotiate more off its LP than Fannie or Freddie by the time a property is made available to investors.
#3 - 2154348 - 3/2 short sale with about 1,900 sq.ft. of HLA AND about 1,300 sq.ft. of unfinished walkout basement; 1.03 acre lot and assignment to top-rated Cuthbertson schools. Weird layout and it needs work, but there might be potential here. Reduced to $154,900 with a tax value of $170,390.
#4 - 2132390 - 3/2 brick ranch with 2-car garage near shopping and assigned to Sun Valley schools in Indian Trail; .60 acre lot; reduced to $125,900 with tax value of $184,400.
#5 - 2163025 - 4BR/2.5BA in South Charlotte (28277), assigned to McKee Road Elementary, S. Charlotte MS and S. Meck HS; this is a VA REO priced at $194,900 with a tax value of $204,300.
#6 - 2156325 - 4/3.5 in zip code 28211- Stonehaven community closer to Uptown; price has been reduced to $213,900 with a tax value of $272,000.
#7 - 2163682 - 4/2.5 in the Wesley Chapel community in Monroe; Sun Valley schools; about 2,550 sq.ft. of HLA; nice pool and common areas; built in 2007; LP is $159,900 with a tax value of $195,220. Would probably be a well yielding rent-and-hold investment.
#8 - 2164125 - 4/2 in zip code 28208; this REO is priced at $51,000 with a tax value of $100,900. This one probably has condition issues, but might be a good fix-and-flip.
#9 - 2159878 - 3/2 in Greenbriar community on the Matthews/South Charlotte border; top Mecklenburg school assignment: Providence HS; Crestdale MS; this would almost certainly be a good low risk rent-and-hold, generating decent rental return with good potention for appreciation. LP is $159,900 with a tax value of $171,500.
#10 - 2164551 - 3/2.5 Townhome in Matthews, assigned to desirable Butler HS and Mint Hill MS; HOA dues are $160/month; this one is a short sale listed at $95,000 with a tax value of $123,100.
#11 - 2159015 - 3/2.5 on 3.06 acre lot in Monroe; this is an REO being sold by a subprime lender, reduced to $162,000 with a tax value of $$248,830-- largely due to the size of the lot, I'm sure.
#12 - 2154744 - 3/1.5 in zip code 28209, older home closer to Uptown, assigned to desirable Myers Park High School; this is an Estate Sale on .35 acre lot with 48 DOM; it has been reduced to $219,900. For those of you who like updating and/or expanding older homes in the Myers Park area, this one might be interesting.
As always, if you have any questions or would like to see these or any other homes, please don't hesitate to let me know.
Click the Hyperlink below to link to and view property listing(s) of interest. If after clicking the link, your Internet browser does not launch, right click on the link and Copy the Shortcut. Then paste the Shortcut into your browser's Address Field.
XPROP - Customer
#1 - MLS 2160476 - 3BR/2.5 BA in the Lake Park community in Indian Trail (nice common areas; good school assignments); this is a Fannie Mae REO with 24 DOM (so available to investors); priced at $135,000 with a tax value of $175,100;
#2 - 2157097 - 3BR/1.5 BA in that Mint Hill/Charlotte border area; this is a HUD home with 39 DOM (so available to investors), listed at $89,000. HUD tends to negotiate more off its LP than Fannie or Freddie by the time a property is made available to investors.
#3 - 2154348 - 3/2 short sale with about 1,900 sq.ft. of HLA AND about 1,300 sq.ft. of unfinished walkout basement; 1.03 acre lot and assignment to top-rated Cuthbertson schools. Weird layout and it needs work, but there might be potential here. Reduced to $154,900 with a tax value of $170,390.
#4 - 2132390 - 3/2 brick ranch with 2-car garage near shopping and assigned to Sun Valley schools in Indian Trail; .60 acre lot; reduced to $125,900 with tax value of $184,400.
#5 - 2163025 - 4BR/2.5BA in South Charlotte (28277), assigned to McKee Road Elementary, S. Charlotte MS and S. Meck HS; this is a VA REO priced at $194,900 with a tax value of $204,300.
#6 - 2156325 - 4/3.5 in zip code 28211- Stonehaven community closer to Uptown; price has been reduced to $213,900 with a tax value of $272,000.
#7 - 2163682 - 4/2.5 in the Wesley Chapel community in Monroe; Sun Valley schools; about 2,550 sq.ft. of HLA; nice pool and common areas; built in 2007; LP is $159,900 with a tax value of $195,220. Would probably be a well yielding rent-and-hold investment.
#8 - 2164125 - 4/2 in zip code 28208; this REO is priced at $51,000 with a tax value of $100,900. This one probably has condition issues, but might be a good fix-and-flip.
#9 - 2159878 - 3/2 in Greenbriar community on the Matthews/South Charlotte border; top Mecklenburg school assignment: Providence HS; Crestdale MS; this would almost certainly be a good low risk rent-and-hold, generating decent rental return with good potention for appreciation. LP is $159,900 with a tax value of $171,500.
#10 - 2164551 - 3/2.5 Townhome in Matthews, assigned to desirable Butler HS and Mint Hill MS; HOA dues are $160/month; this one is a short sale listed at $95,000 with a tax value of $123,100.
#11 - 2159015 - 3/2.5 on 3.06 acre lot in Monroe; this is an REO being sold by a subprime lender, reduced to $162,000 with a tax value of $$248,830-- largely due to the size of the lot, I'm sure.
#12 - 2154744 - 3/1.5 in zip code 28209, older home closer to Uptown, assigned to desirable Myers Park High School; this is an Estate Sale on .35 acre lot with 48 DOM; it has been reduced to $219,900. For those of you who like updating and/or expanding older homes in the Myers Park area, this one might be interesting.
As always, if you have any questions or would like to see these or any other homes, please don't hesitate to let me know.
Click the Hyperlink below to link to and view property listing(s) of interest. If after clicking the link, your Internet browser does not launch, right click on the link and Copy the Shortcut. Then paste the Shortcut into your browser's Address Field.
XPROP - Customer
No comments:
Post a Comment