Here
is my latest Charlotte area real estate investor suggestion list. As usual,
some properties have a great deal of initial equity, some properties should
generate a decent yield from rental income, and some properties should
accomplish both. Some properties are essentially turnkey for certain
investor strategies. Others require substantial renovation, but can be
flipped for a decent profit. A brief summary follows:
#1 - MLS 2165428 - 3/2 in that Charlotte/Mint Hill border area (28227); the
listing states it has already been substantially renovated, but it is an
REO. Listing price is $86,900; tax value is $93,100.
#2 - 2165384 - 3/2.5 in North Charlotte (McIntyre) built in 2005; should
generate a decent yield on rental income; this Fannie Mae REO is available
to investors 7/23, priced at $119,000.
#3 - 2165983 - 3/2.5 Ardrey Park townhouse in Ballantyne area, this REO is
priced at $132,500 with a tax value of $149,800 and HOA dues of $170/month.
I know some of you focus on that South Charlotte/Ballantyne area for low
risk investments, even though yield could be better elsewhere.
#4 - 2166054 - 3Br/3 Full BA townhouse with garage in Stallings, assigned
to the sought-after Weddington schools; HOA dues are only $115/month;
listing price is $149,000 with a tax value of $157,770. This could be a
"sleeper" because HOA dues are low and yield could be good.
Future appreciation is also likely due to school assignment and general
location.
#5 - 2166045 - 3/2.5 short sale in Sardis Woods; claims upgrades include stainless
appliances and corian countertops; priced at $139,000 with $162,500 tax
value.
#6 - 2166351 - 4BR/3BA in South Charlotte (28226), assigned to S. Meck HS;
this is a B of A REO priced at $149,900.
#7 - 2153756 - 4/2.5 built in 2002 in upscale Taylor Glen community in
Indian Trail (Sun Valley schools); reduced to $179,900 with a tax value of
$183,440 and 68 days on the market today.
#8 - 2157250 - 3/2 on .44 acre lot in Indian Trail (Porter Ridge schools),
reduced to $119,900 with tax value of $124,200 and 51 DOM.
#9 - 2143851 - 3/2.5 in South Charlotte Greenbriar community (assigned to
top-performing Providence High School); this Fannie Mae REO is back on the
market after contract failed, reduced to $155,000 with a tax value of
$160,500. This is another low risk property that should generate better
than a 10% gross yield and have plenty of room for appreciation due to
location and school assignment.
#10 - 2167171 - 3/2 on .46 acre in Matthews (Union County - 28104); this
REO has been reduced to $98,900 with a tax value of $138,360.
#11 - 2167148 - 3/1.5 in zip code 28217; LP is $49,900 and tax value is
$86,000; OK, it needs a lot of work, but some of you like these
lower-priced homes with potential equity.
#12 - 2161027 - 4/2.5 in South Charlotte (28270) reduced to $115,000 with
tax value of $142,000.
#13 - 2167103 - 4/2.5 in North Charlotte (McIntyre) built in 2003; this REO
is priced at $122,995.
#14 - 2164092 - 3/2 Fannie Mae REO reduced to $72,800 with tax value of
$99,900; this one was built in 2002 but it looks like it needs significant
rehab.
#15 - 2167247 - 4BR/4.5 Bath Denver waterfront REO on .81 acre lot for
those of you who like more upscale properties with greater potential for
profit; this one is priced at $317,500 and has a tax value of $531,174.
As always, if you have any questions about any of these properties, or any
other properties, please feel free to contact meat ejdorer@gmail.com.
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
Eric J. Dorer, B.S., J.D.
NC/SC Broker/Realtor®
Eric J. Dorer Real Estate
2740 Oxborough Drive
Matthews, NC 28105
Tel: (980)875-0950
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