Statesville, NC – SFH 3/2.5 Ready to move!

Contact Michael Ilhardt, Dispositions Manager!

mike@propertypulse.io    *    321-613-6474

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PROPERTY SUMMARY

• Type:  Single Family Home
• County:  Iredell
• Beds:  3
• Baths:  2.5
• Living:  2,289 sf
• Lot:  10,585 sf
• Year:  2009
• Pool:  No
• Exterior:  Wood frame
• Utilities:  City Water/Sewer
• Flood Zone:  No
• HOA:  No

CLOSING & ACCESS

• Closing:  7/31/25
• EMD:  $10,000
• Occupancy:  Owner Occupied – Will vacate
• Access: By Appointment Only (proof of funds required beforehand)

INVESTMENT SUMMARY

• Wholesale Price:  $265,000 +cc
• Potential ARV:  $340,000
• Gross Margin:  $75,000
• Potential Rent: $1,700/month
• Estimated Rehab:  $10,000 – $20,000

REHAB SUMMARY

• Roof: 14 years old per seller
• HVAC: 14 years old per per seller
• Plumbing:  No known issues
• Electrical:  No known issues
• Exterior: Some landscaping needed, curb appeal and fresh paint
• Interior:  only minor updates needed

SOLD COMPS

• 1456 Winter Dr (3/3, 2,305 sf, 2009 year) — Sold for $339,000 (11/18/2024) — Renovated
• 1178 Valley St, Statesville (4/3, 2,060 sf, 2011) — Sold for $310,000 (4/8/2025) — Fully Renovated

RENT COMPS

• 1517 Brookgreen Ave (3/2.5, 1,416 sf, 2005 year) — Rent for $1,635/month — Partially Renovated

MUST READ:

• $5,000-$10,000 Earnest Money Deposit (refundable ONLY 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 acting as a principal, not as a broker. NO representation is made to any party.
• This is an assignment of contract. A legally binding purchase contract and memorandum have been signed with the seller, giving our company exclusive rights to purchase this property.
• We DO NOT grant anyone permission to market this property without our approval. Realtors and Wholesalers – contact us directly.