Available
$105,000(ARV: $225,000)47% of ARV

Pasquotank County, Elizabeth City, NC 27909

3 bd1 ba1,006 sfBuilt 1900

2 days ago

Gross spread$120,000

Description

Investors, flippers, and buy-and-hold buyers — take a look at this opportunity in Elizabeth City! 405 Walnut St offers the potential to renovate, modernize, and reposition a property for resale or long-term rental income. The strategy is to make the right improvements that appeal to today’s buyers and renters while maximizing the finished property’s value. Consider adding a second bathroom as part of the renovation plan. Address: 405 Walnut St, Elizabeth City, NC 27909 ARV: $225k Rehab Budget: $35k - 40k Video Link 1 - [contact details hidden] Video Link 2 - [contact details hidden] Property Overview: Property Type: Single Family Bedroom: 3 Bathroom: 1 Living Area: 1006 sqft Add Second Bathroom Upstairs for Max ARV!!! Comps: 603 Maple St, Elizabeth City - $200k 1120 Herrington Road, Elizabeth City - $190k 202 Bell Street, Elizabeth City - $223k Features: Newer siding Newer windows Newer roof Proximity:Convenient Location: Elizabeth City is a historic waterfront community in northeastern North Carolina, known for its downtown district along the Pasquotank River, local shops and restaurants, and community amenities. The city offers access to everyday shopping, dining, schools, parks, and services, with regional connections throughout northeastern North Carolina and toward the Hampton Roads area of Virginia. Call or text us at [contact details hidden] for more details!

$/sqft vs market

This deal$104/sqft
Market median$140/sqft
Difference−25% below

Median of 8 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms1
Square feet1,006
Lot size3,616 sf
Year built1900
ConditionLight Rehab
OccupancyOwner Occupied
ParkingDriveway

Systems & condition

Roof age1-3 yrs
HeatingFurnace · 0-5 yrs
Air conditioningCentral AC
FoundationCrawlspace

Self-reported by the seller. Not inspected.

Property information

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