505 Warmsprings Dr. **Minutes from Ft. Bragg and I-295** Sold

  • $38,500
  • 3 beds
  • 2 baths
  • 1486 sqft

For Sale: $38,500

3 bedrooms/ 2 bathrooms/ 1,486 SF

Fellow Investors –

What does fire damage and hoarder have in common? GREAT profits!! Steep discount on this fire damaged home with abandoned personal property.

Substantial fire damage in 1 bedroom with smoke stains throughout rest of home. Home has good bones!

Superb location minutes from Ft. Bragg, the All-American Expy, and I-295 in the Ponderosa neighborhood. Great addition to your investment portfolio as a fix & flip or rental! Huge upside for the investor who likes rehab projects with ARV of $135k.

Property is vacant.

Click HERE for pictures and videos taken on 14 April 2022.

 

Financial Information

 

ARV – $135,000
Market Rent  $1,200/moView full Rentometer report here

 

Highlights

 

  • 3 bed/ 2 bath/ 1,486SF
  • Single story
  • Brick veneer
  • Furnace and A/C ~10 years old
  • Huge living room, family room, and dining room
  • Washer/ dryer hookups
  • Wood burning brick fireplace
  • Large back deck
  • Beautiful wooded backyard
  • Quiet neighborhood near base

 

Repairs Noted

 

  • 1-bedroom substantial fire damage and will need to be completely rebuilt (walls, flooring, ceiling, electrical, insulation, window,etc.)
  • Smoke stains in majority of rest of homes requiring sheetrock replacement or painting
  • Substantial amount of abandoned personal property (hoarder!) needs to be removed
  • Replace all light fixtures
  • Soffit, fascia board, gable, exterior doors wood rot
  • Several windows require replacement
  • Back deck repair/ replacement
  • Replace kitchen cabinets and appliances

 

Cash Buyers Contact Us With Your Offer!

  • Lockbox on property. Contact me for code for viewing by serious investors
  • Cash offers only. Must have ability to close quickly
  • A $1,500 non-refundable deposit is due within 24 hours of an executed assignment contract
  • Assignee/ Buyer pays all closing costs
  • Agents, please add your commission to the asking price
  • We will consider all offers however please give your best offer initially
Price:
$38,500
Address:
505 Warmsprings Dr
Fayetteville, NC 28314
Square Feet:
1486
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1972
Const. Type:
Brick

Additional Features

• 3 bed/ 2 bath/ 1,486SF • Single story • Brick veneer • Furnace and A/C ~10 years old • Huge living room, family room, and dining room Washer/ dryer hookups • Wood burning brick fireplace • Large back deck • Beautiful wooded backyard • Quiet neighborhood near base

Call (910) 364-9575 for more details

Property Location