Kinston, NC – Fire Damaged Property – $32k

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mike@propertypulse.io  |  321-613-6474

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PROPERTY SUMMARY

• Type:  Single Family Home
• Beds: 4
• Baths: 2
• Living:  1,656 sf
• Lot:  20,909 sf
• Year:  1955
• Pool:  Yes
• Exterior:  Wood frame
• Utilities:   City Water/Sewer
• Flood Zone:  No
• HOA:  No
• ACCESS:  BY APPOINTMENT ONLY

INVESTMENT SUMMARY

• Price:  $32,000 +cc
• Potential ARV:  $185,000
• New Construction:  $243,000

SOLD COMPS

• 2303 Carey Road (3/2, 1,665 sf, 1956 year) — Sold for $185K (5/19/25) — Partially Renovated
• 1205 Ruffin Terrace (3/2, 1,462 sf, 1954 year) — Sold for $200K (9/20/24) — Renovated
• 1208 Dorcas Terrace (3/2, 1,696 sf, 1977 year) — Sold for $172K (4/1/25) — Fully Renovated

NEW CONSTRUCTION COMPS

• 1208 Dorcas Terrace (4/2, 1,497 sf, 2024 year) — Sold for $243K (8/15/24)
• 1426 N Wilshire Court (4/2, 1,764 sf, 2024 year) — Sold for $257K (9/25/24)

REHAB SUMMARY

• Disclosure: Fire-Damaged Property
• This property has fire damage and is being sold as-is. Enter at your own risk. Seller and Assignor are not liable for any injuries, damages, or losses related to accessing the property.

MUST READ:

• $5,000-$10,000 Earnest Money Deposit (refundable if clear title cannot be conveyed).
• Buyer pays ALL closing costs. Closing MUST be with our escrow company.
• Cash or Private/Hard Money ONLY. No Financing Contingencies.
• Walkthroughs by Appointment Only. DO NOT disturb occupants.
• Property sold AS-IS, No Contingencies. Conduct due diligence prior to assignment.
• Buyer must verify all information independently. We assume no liability for accuracy.
• DO NOT contact the seller. Unauthorized contact will result in legal action.
• We are not brokers and do not represent the seller.
• This is an assignment of contract. A legally binding purchase contract with memorandum has been signed with the seller giving this company exclusive rights to purchase the property.
• We DO NOT grant anyone permission to market this property without approval. Realtors and Wholesalers contact us directly.