NOT in MLS: 2 Level Historic Home in Downtown Wilmington NC for only $119,900! That's $200K+ Below Renovated Comps! (NOT a Short Sale or Foreclosure!)
109 N 8th St. Wilmington NC 28401
| Sale Price | |
| Sale Price: | $119,000 |
| Estimate Repairs: | $140,000 |
| After repair value: | $320,000 |
| Equity Potential: | $60,000 |
| Description of Home | |
| Type: | Detached Home |
| Bedrooms: | 4 |
| Bathrooms: | 2 |
| Levels: | 2 |
| Parking: | Driveway |
| Square Feet Total: | 1824sqft |
| Lot Size(Acres): | .13acre/5837sqft |
| Sale Comps | |
| 512 Chestnut St. - Sold - $390,000 | |
| 620 Dock St - Sold - $320,000 | |
| 305 McRae St - Active - $315,000 | |
Additional Information
INVESTOR SPECIAL!! This 4br, 2ba, 2lvl detached historic home is ready for you to breath life back into it. This home is located in an revitalizing section of downtown Wilmington where there are loads of renovations already taking place. Known as the Muse House Cross gable house, built around 1897, this home has 1824sqft on 2 levels, hardwood floors, off street parking with a driveway to the right of the home, and some charming historic features like decorative shingles under existing siding in the front gable end, porch with pediment, spindlework frieze, paired posts on brick piers, and two floor length two over four sashes. This home does have significant damage from a leaking roof, including mold and potentially soft floors, so its 'enter at your own risk' for potential buyers. But there is plenty of room for an investor to come in and renovate for HUGE PROFIT!! Renovated homes in the area are selling for $320,000+. But you can buy this home for only $119,900. That's a $200K+ 'spread' to work with!! Hurry and take advantage of this opportunity before someone else does!!
Disclosures
All information, including figures, are provided in good faith, but are not guaranteed to be accurate. Buyers should conduct their own due diligence. We are not agents and this is not a pocket listing. We are under contract with the title holder and considered principals in the transaction. Anyone attempting to contact the title holder will be viewed as intentional interference with a contract and legal action may be brought against you. Additionally, you will be permanently removed from our mailing list and the mailing list of other major wholesalers in the area.