613 Colston St, Albemarle, NC 28001

Owner Financing Available! 613 Colston St. Albemarle, NC 28001 Price $20,000 Bedrooms: 3 Baths: 1 Occupancy: vacant Layout: Bungalow Sq Footage: 770 Year Built: 1966 Acres: 0.26 Water: city Sewer: city AC: central Located in Albemarle, NC this 770 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details. Repairs/Updates needed: paint, carpet, interior cosmetic updating Call me to visit my house If you are a real estate investor looking to buy and hold this property then below is some analysis: Purchase Price: $ 20,000 Estimated Repairs to get highest rents: $14,000 Reinstatement Costs: $0 Transfer Tax: $40 Closing Costs (sale): $400 Buyer's initial investment: $34,440 + Monthly Rental Income: $850 - Vacancy Reserve: $85 - Monthly Real Estate Taxes: $24 - HOA Fees: $0 - Insurance: $67 - Property Management: $0 - Utilities: $0 - Reserves for Future Repairs: $85 = Net Monthly Operating Income: $589 Your Annual cash return: 20.5% Call me to visit my house: