BRRR Opportunity- Farmstead North of Durham with great cash flow potential! 7 Acres, House, Horse Barn, Mobile Home, and more!​

Price: $239,999.00

Check out this nice farmstead with rolling meadows and woods near Kerr Lake in Henderson, NC.

Only 40 minutes’ drive to Durham!

Great cash flow potential with 3 rentable units plus a horse barn!

Priced at $239,999, with an estimated ARV of $350,000!

The lot comes with a modular home, a mobile home, an 8-stall, 2-story horse barn, a greenhouse, and a shed on it.

Main House: 3 Bedroom, 2 Bathroom, 1536 square foot modular home plus in-law basement apartment. 400’ of road frontage. Easy access to Highway 39 Near Nutbush Bridge Campground, and Kerr Lake

Property Address: 6848-6850 Us Hwy 39 N, Henderson, NC 27536

This a great investment opportunity for only $239,999!

Projected rents: $1200 main house $800 in-law apartment $700 Mobile home Horse barn- rent by the stall or convert to a barndominium or a BnB. OR, Air BnB all three units and rent the barn. So many possibilities!

Projected ARV: $350,000+ (Based on a local realtor's opinion. He said he’d list it for $399,999 after repairs).

Projected rental income: $2700, not including horse barn:

Needed repairs and finishing: Main house needs flooring upstairs, bathroom and kitchen finishing, paint, misc. Both porches need repair or replacement Appliances are needed. Basement apartment needs finishing throughout- sheetrock repair, flooring, trim, and paint. Estimated cost of repairs and finishing: $40,000-$50,000.

Other property notes: Main house roof is only 3 years old. New well pump in the past year. (Municipal water tap is also installed onsite). Mobile home was redone in 2007 and, is currently rented. You can leave the tenant in place for some cash flow while you remodel and repair. Horse barn is 2 stories, in VG condition, with 8 stalls. Borders on Army Corps of Engineers land- private! Hay and mature hardwoods are other potential revenue streams.

Call us at 910-469-1067 to lock down this great property now! BRRR this!

Send us your offers or inquiries using the form below!​