BEDS2
BATHS1 full
SQUARE FEET1,500
MLS#4375336
STATUSActive Under Contract
PROPERTY TYPEResidential - Single Family
Property Description
113 S Davie Street | Cooleemee, NC | $95,000 | Cash/Conv/Private LendingBelow-assessed-value acquisition opportunity in Cooleemee's historic Erwin Mills neighborhood. Tax assessed at $117,120 ? listed at $95,000. This 1920-built, 1,500 sq ft, 2BR/1BA mill cottage sits on a level 0.18-acre lot with city water, city sewer, and a paved, publicly maintained road. No HOA. No CCRs.The home requires a full renovation. Known scope includes: roof repair/replacement (active penetration above kitchen), kitchen rebuild (collapsed floor and ceiling), flooring throughout, and cosmetic updates. The structure is sound (crawl space foundation, architectural shingle roof on remaining sections, vinyl siding). Covered front porch, storage shed, asphalt driveway, and washer/dryer hookups are in place.Comparable renovated homes on Davie Street are selling in the $160,000?$190,000 range. At $95K acquisition plus estimated $40?60K renovation, this deal offers a realistic path to a 20%+ equity position at resale or a strong long-term rental hold in a market with limited inventory.Cash, conventional, and private lending accepted. Sold strictly as-is. Lockbox access ? schedule anytime.
Property Features
Property Type: Residential - Single Family
Heating: Electric
Lot Size: 0.18 Acres
Roof Type: Architectural Shingle
Year Built: 1920
Feature Descriptions
Accessibility Features: Two or More Access Exits
Appliances: None
Days on Site: 19
Exterior: Vinyl
Flooring: Carpet, Wood
Foundation: Crawl Space
Horse Amenities: None
Laundry: Electric Dryer Hookup, Washer Hookup
Lot: Level
Other Structures: Shed(s)
Parcel#: M4-130-B0-007
Parking: Driveway
Patio/Porch: Covered, Front Porch
Sewer: Public Sewer
Water: City
Local Schools
High School: Davie
Middle School: South Davie
Elementary School: Cooleemee
Listed By / Shown By
Listed By
Agency Name: CK Select Commercial Real Esta
Agency Contact: kirk@ckselectrealestate.com
Shown By
Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175
Estimate Your Payment
Estimated Payment
$ 504.71 per month $478.49 Principal & Interest $0.00 Property Tax (data not provided by mls) $26.22 Homeowner's Insurance
113 S Davie Street | MLS# 4375336
This single family home located at 113 S Davie Street, Cooleemee, NC 27028 is currently listed for sale with an asking price of $89,900. This property was built in 1920 and has 2 bedrooms and 1 full baths with 1500 sq. ft. Search Cooleemee real estate on www.lakenormanvacationrentals.com today.