I like saving cash!!! Three real estate auctions I’m keeping an eye on…
A South Charlotte Custom Home, A Large Tract of Land in the Country and 98 Unit Apartment with a 20% + Cap rate…
Are you in the Market for a Luxury Custom Home in South Charlotte?
Inside RT 51, under 10 minutes to Southpark, in a gated community there is a 5 Bedrooms, 5 bath, Master Down 2 story, 3 car garage home with a fabulous inground pool and spa, about 5400 sf loaded with upgrades and includes a full mother-in-law suite. A former Home-a-Rama house, it was purchased in 2005 for over $1.5M, opening bids at $682,875, recent appraisal at $1.6M. but because there is such a small market for these homes, my expected Sales price? $1-1.1M Auction Details 10/31/09, Charlotte NC Terms: $25K in certified funds, Pre-Approval, close within 30 days…
Time to MOVE OUT OF THE CITY? Like Land? Lots of Land?
Western Rowan county, 15-20 miles to Mooresville, 40 miles to Charlotte or Winston Salem, 359 Acres- 3 farms and 2 rented houses, 19 tracts ranging in size from 1.77 to 54+ acres. Cropland and Woodland,creek frontage, wildlife abounds. Easy to show, Auction Details: October 27th 6 pm in Salisbury, NC. Terms: 10% down at sale in cash or personal check- Balance in certified funds within 30 days at Closing. 5% Buyer premium. Expected Price? 2.5M plus. We’ll see. More Details, Call Terry Direct- 704-351-1519, We Represent Home and Estate Buyers
Excellent Income-Producing Apartment Opportunity: Great Cash Flow, Tenants and Management in Place
- 2 miles from Uptown Charlotte, 2 minutes to I-85
Absolute Auction, 98 Unit of 1,2 and 3 bedroom apratments, 94% occupied as of 10/15. Purchased less than a year ago at over $2M- improved through out the year, family issues causing immediate liquidation with a Reserve Price of $1.295M. Over $70,000 invested in the past year, annual ROI is 20-23% depending on occupancy. Veteran management team- maintenance and property manager on site, can stay or go.Expected sales price ? Upper 1.7M or so-Good income today, lots of upside too. Auction Details: October 28, Greensboro at 1pm. Terms: $40,000 Certified Deposit, balance of 10% Down Payment by November 4. We Represent Buyers , please call Terry direct for more information 704-351-1519
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I have more- more deals, some steals, No Money Down (in the country a bit, though one is only 5 minutes to Carolina Place Mall!)) tons of FHA high quality low interest rates from the builders, and from our own lenders. Some builders are offering to pay $2500 of closing… some will throw in a fence, but we have to get started.
Please note: These are all one of a kind deals and when they are sold, they are gone. This post is up to date 10/19/09. You can follow my Steals and Deals on Twitter, @TerryMcDonaldRE
Remember, to qualify for the $500 Gift card, give us a call first-704-351-1519- we’ll often get the right agent on the phone right then… and get you started.
Charlotte Home Prices Passed Bottom and Trending UP
Home searches below are priced from high to low, and have a mapping function int he lower left corner. Enjoy
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