Tuesday, August 6, 2013

Charlotte Area Real Estate Investor Suggestion List for August 7, 2013... More Interesting Values

Here is my Charlotte area investor suggestion list for August 7, 2013. Recognizing that some investors prefer to sacrifice some ROI in favor of allowing an association to handle exterior maintenance, I have included a couple of interesting townhouses on this week's list. For fast-flip investors, there are several in need of fairly substantial repair, and for buy-and-hold investors there are turn-key properties that should generate decent yield. Brief summaries follow:

#1 - MLS 2167601 - 3/3 townhouse with garage in Stallings assigned to highly desirable Weddington schools; HOA is only $115/month; listing price is $139,900 with tax value of $152,300.

#2 - 2167472 - 3/1 FifthThird Bank REO in NW Charlotte; LP $81,900/Tax value: $130,300.

#3 - 2167615 - 3/2 REO in N. Charlotte (Kingstree); LP of $106,400; tax value of $109,500. Should generate decent rental return with little need for rehab.

#4 - 2146917 - 3/2.5 REO w/ 2-car garage on 1.13 acre in Gastonia; LP reduced to $130,000; tax value: $192,759.

#5 - 2167795 - 3/2.5 in Matthews (Butler HS); newer HVAC and roof; LP of $114,900 with tax value of $120,400; again; should generate decent rental yield.

#6 - 2168394 - 4/2.5 near Myers Park; this PNC REO is priced at $539,900 with tax value of $731,900.

#7 - 2162595 - 3/2 REO w/ 2-car garage in Monroe; LP: $93,500/tax value: $151,480.

#8 - 2143108 - 4/2.5 in St. John's Forest (Monroe) nearly new community, Sun Vallye schools; LP reduced to $167,000/tax value: $177,060.

#9 - 2142337 - 3/2.5 on 3.01 acres in Waxhaw; REO suitable for small horse farm, reduced to $157,900 with tax value of $191,400.

#10 - 2170264 - 3/1 REO on .40 acre lot in Indian Trail; LP: $92,200/tax value: $124,490.

#11 - 2161839 - 4/1.5 REO in NW Charlotte; LP reduced to $59,900/tax value: $78,700.

#12 - 2161027 - 4/2.5 in good S. Charlotte area (28270) on .61 acre; reduced to $115,000; tax value: $142,000.

#13 - 2150095 - 4/3 REO surrounded by more expensive homes; reduced to $149,900 with tax value of $211,800.

#14 - 2163310 - NE Charlotte 3/2; Fannie Mae REO reducedt to $96,000/tax value: $109,400.

#15 - 2165219 - 3/2 NE Charlotte Fannie Mae REO w/ 24 DOM; LP: $72,800; tax value: $99,900.

#16 - 2136222 - 3/2.5 REO on .89 acre waterfront Mooresville lot; reduced to $391,500 with tax value of $721,050.

#17 - 2126810 - 3/2.5 W. Charlotte REO; LP: $134,900; tax value: $225,900.

#18 - 2170896 - 3/2 in Matthews (Butler HS); LP of $100,000 with $110,100 tax value; again, good area and schools for decent rental yield.

As always, if you have any questions about any of these or any other properties, please don't hesitate to contact me.

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

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