Got skills? This 3/1 Handyman Special on Adams Street in High Point is in need of your personal touch. Great location close to 311 and downtown High Point. The house was a rental for years, but has been vacant for the last few years. As you would expect, the copper and wiring under the house is missing. There is a gas Pack that was installed before being left vacant. In addition the obvious cosmetic repairs needed, the back bathroom is in need of attention, as is the flashing around the chimney, which is currently leaking. Lots of work to be done for sure, but as a potential 3-bedroom house the rental income will make the money back QUICK. House being sold as-is for $11,750 cash or your best offer. Great rental property or first time house for the hard worker. Rent for 3 bedroom properties in this area is $600*/mo. Awesome front porch in good condition and the backyard is also very nice with plenty of parking along the side of the house. Be a part of the restoration of High Point at a price that will put the money spent BACK in your pocket FAST! Sample Return Calculation $11,750 Purchase price $15,000* in repairs Total $26750 in expenses. Market Rent $600 or $7200 per year. Cash on Cash Return = 7200/23750 = 27%! * these numbers are provided as reference and are not guaranteed Ask for Jonathan
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