2 Beds
1 Bath
1,500 SqFt
2 Beds
1 Bath
1,500 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $63
MLS Listing ID 4375336
Bedrooms 2
Full Baths 1
Abv Grd Liv Area 1,500
Year Built 1920
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Single Family Residence
Property Description
Below-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.
Location
State NC
County Davie
Zoning R12
Rooms
Primary Bedroom Level Main
Main Level Bedrooms 2
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Wood
Fireplace false
Appliance None
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Roof Type Architectural Shingle
Street Surface Asphalt,Paved
Accessibility Two or More Access Exits
Porch Covered, Front Porch
Garage false
Building
Lot Description Level
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Vinyl
New Construction false
Schools
Elementary Schools Cooleemee
Middle Schools South Davie
High Schools Davie
Others
Senior Community false
Acceptable Financing Cash, Conventional, Private
Horse Property None
Listing Terms Cash, Conventional, Private
Special Listing Condition None
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