Located at 144 Westside Road in Chadbourn, North Carolina, this vacant 2-bedroom, 2-bathroom home is being offered for just $16,000 and presents a major renovation opportunity for investors, contractors, and experienced rehab buyers.
The property is being sold strictly as-is and requires a complete rehabilitation. The roof has caved in, portions of the flooring are missing, and extensive repairs will be needed throughout the structure. While it is not currently move-in ready, the condition also gives a new owner the opportunity to completely redesign and restore the property according to their own vision.
For an investor, the possibilities could include renovating the home for resale, creating a long-term rental, or adding the property to an existing portfolio. The relatively low acquisition price provides a starting point for a buyer who has the experience and resources to manage a substantial rehabilitation project.
Another notable advantage is the availability of owner financing, which may provide an alternative to traditional lending. Interested buyers should inquire directly about the available financing terms and conditions.
The home is currently vacant, allowing prospective buyers to inspect the property and evaluate the scope of work before making a decision. Because the property is sold as-is, buyers should conduct their own inspections and verify the condition of the structure, utilities, zoning, permits, and any other factors that may affect the planned renovation.
This is a true value-add opportunity for someone ready to bring a distressed property back to life. With two bedrooms, two bathrooms, a very low asking price, vacant possession, and potential owner financing, this Chadbourn property could offer significant upside for the right renovation-minded buyer.
From Zillow
