4 Bed Rehabbers Dream For Sale In Downtown Wilm... - 4br for sale in Cape Fear, North Carolina

$50,000

Renovate this large 4 bedroom 2 bath home in Downtown Wilmington's NorthSide. The home sits on a sub-dividable lot and has many new homes in the immediate vicinity. Email me for home inspection report. Alternatively tear down, subdivide, and potentially rebuild 3 new homes to conform with abundant new development on the block. See City of Wilmington R-3 zoning regulations. With current home lot can be divided in half to 2 lots. Sell the lot and have majority of purchase back before the renovation even starts. This home has a large kitchen, dining room, and 2 open living rooms with original hardwood floors. It also has a screen porch, covered porch, and carport for off street parking which is very hard to come by in Downtown Wilmington. Two Contractors have appraised the work at 35k-40k depending on finishes etc. Potential sale of 130k-160k. CASH ONLY. This property will not last long first $2000 check in my hand will get the property. more details: 616 Campbell Street, Wilm, NC 28401 is For Sale