Charming Older Ranch in Eastover Town Center – Great Potential for Investment or Personal Use
Location: This property is located in the desirable Eastover Town Center, offering excellent access to Dunn Rd and US Highway 301, making it extremely convenient for commuting and enjoying nearby amenities. The location provides easy access to local shops, restaurants, schools, and other essential services, making it a perfect spot for a variety of uses, including a starter home, retirement retreat, or investment property.
Property Overview:
The home is an older ranch-style property with great potential, situated on a well-connected plot within Eastover. While the house has seen some updates over the past 10 years, it still requires some repairs and renovation to restore it to its full potential. Despite needing attention, the home offers a solid foundation for those willing to invest in bringing it back to life. With a bit of effort and vision, this property could be transformed into a comfortable, functional living space or a valuable asset for future resale.
Property Features:
- Ranch-style Home: Offering a single-story layout that is easy to navigate and provides a simple, spacious living area. Ranch homes are known for their practicality and accessibility, making them an excellent option for a variety of buyers.
- Updates Over the Years: While some updating has already been done over the last decade, there is still room for improvement. Buyers will have the opportunity to personalize the home further and make it their own.
- Investment Opportunity: This property represents an excellent investment opportunity, whether you’re looking for a starter home, a retirement property, or a rental investment. The home’s location and potential for improvement make it a strong choice for those looking to build equity.
Sale Information:
This property is being sold via a judicial sale, meaning it is being offered in an official legal sale conducted by the Cumberland County Court. As part of this process, the property will be available for purchase by best offer, and the highest offer will be submitted to the commissioner (seller) designated by the court.
The sale is subject to a 10-day upset bid period, during which time other buyers can place higher bids if they wish to purchase the property. This is an opportunity for buyers to potentially acquire the property at a great value, depending on the offers received.
Property Terms:
- As-Is Sale: The property will be sold as-is, meaning the seller is not responsible for making any further repairs or providing warranties. Buyers will be purchasing the property in its current condition, and any updates or improvements will be their responsibility.
- Cash Only: This property is being sold for cash only, so buyers will need to have the necessary funds available to purchase the property outright without financing.
- Minimum 5% Deposit: A minimum 5% deposit will be required as part of the sale process to secure the property.
- No Contingencies: All offers should be condition-free and non-contingent. This means that buyers will not have the right to terminate the agreement during any due diligence period. Buyers must proceed with the purchase based on the terms outlined and the property’s current condition.
Conclusion:
This older ranch-style home in Eastover Town Center represents a unique opportunity for investors, first-time buyers, or those seeking a retirement home. With its solid location, access to main roads, and potential for updates and repairs, this property offers both affordability and possibility for the right buyer. If you are ready to make a cash offer and take on a project, this is a great opportunity to invest in a home with potential.
For more details or to submit an offer, please reach out to the seller’s agent and be prepared for a judicial sale process that may involve competitive bidding.
From Zillow