921 Leak St

Unearth the potential of a unique, diamond in the rough investment property located on Leak St, Rockingham, NC 28379. This triplex boasts a brand new roof, installed just two months ago and still under warranty, ensuring protection and peace of mind. With a total of five bedrooms and four bathrooms spread over a substantial 2,446 sqft, these spacious units are just waiting for a keen investor to breathe life back into them. The robust cinder-block buildings represent the enduring strength of this property. It’s definitely a 'good bones' situation, promoting a solid foundation for renovation. One of the units, 921 Leak St., has been transformed from a duplex into a single family, and with just a simple reinstatement of one dividing wall, it could easily return to its dual purpose design. Although in need of a complete cosmetic makeover, the property does feature several double hung vinyl windows, a testament to its renovation potential. There are some windows that require replacement, providing an opportunity for you to put your own aesthetic stamp on this promising real estate venture. Picture this - once fully renovated and stabilized, these units can fetch a considerable rent, with local Section 8 estimates indicating a potential earning of $762 per 1 bedroom/1 bathroom unit. That equates to a significant gross monthly rental income of $3048 for all four sections. Cherish the possibility of transformation and take advantage of the clean title on this property. The purchase of this promising triplex represents a remarkable opportunity for a shrewd developer inspired by the prospect of refurbishing this unique property back to its original glory.