Forsyth County, Lewisville, NC 27023
3 bd1 ba2,160 sfBuilt 1955
Gross spread$200,000
Description
OVERVIEW Fully gutted Lewisville project with massive upside. Former owner already pulled permits and started a full expansion adding a bedroom, bathroom, porch, and balcony. Once completed, the home jumps from 1,080 sq ft to roughly 2,000+ sq ft. Investors get a rare chance to finish a permitted addition and capture a strong ARV in a high‑demand Winston‑Salem suburb. Perfect for flippers wanting a big spread or builders looking for a clean value‑add with permits already in motion. PROPERTY CONDITION Project was started but not finished. Interior is fully gutted and framed in areas for the planned additions. Exterior is in good shape overall. Investor should expect a full completion of all systems and finishes. Rehab budget of 100–120k will bring the property to its full ARV potential. NUMBERS Asking: $150,000 Rehab: $100,000–$120,000 ARV (with additions): ~$350,000- 380,000 COMPARABLE PROPERTIES 705 Eden Rock Rd, Lewisville, NC 27023 3\3 1733 sqft Sold for 350k 7270 Franklin Rd, Lewisville, NC 27023 3/3 2016 sqft sold for 390k 865 Lewisville Vienna Rd, Lewisville, NC 27023 3/2 1650 sqft (smaller) sold for $330k NEXT STEPS • Contact us for more information • Schedule a walkthrough • Make an offer • Sign assignment agreement Brazos Gadler | [contact details hidden]
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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