3-Bed Brick Ranch

Raleigh, NC 27610

Specs

Bedrooms	3
Bathrooms	2
Square Feet	1,420
Lot Size	0.27 acres
Year Built	1968
Asking Price	$165,000
ARV	$245,000
Estimated Repairs	$28,000
Deal Type	Fix & Flip

Description

Solid brick ranch on a quiet street in southeast Raleigh. Original hardwoods under carpet in main living areas. Roof is 6 years old. Mostly cosmetic rehab: kitchen, baths, paint, flooring. Comps within 0.5 miles support an ARV of $245k after a clean rehab.

Neighborhood

Southeast Raleigh has been a strong appreciation pocket. Median sale price in the zip code is up 11% YoY. Strong rental demand if buy-and-hold is preferred.