1088 Jones St

4 Bed / 1 Bath ~ 2,064 Sq Ft ~ 1.14 Acre Lot ~ Single-Family Home PROPERTY OVERVIEW Large vintage home on a 1.14-acre lot with some major utility upgrades already completed, making this a strong candidate for investors looking for a value-add rental or full renovation project. *Home has been reviewed by a licensed general contractor to confirm scope of work • ALL NEW water lines • NEW gas lines • Roll tin roof – painted, no rust, no leaks • City water & sewer • Large 1.14-acre lot • Strong layout with generous room sizes • Home is dated and needs modernization STRUCTURAL NOTES (PER CONTRACTOR REVIEW) Typical issues seen in older homes including: • Crawlspace settlement • Deteriorated masonry piers • Areas needing framing reinforcement and leveling Based on contractor experience with similar renovations in Eastern NC, the structure appears to have significant potential to be restored with proper repairs. SCOPE OF WORK (EST.) • Interior paint • Flooring (refinish hardwoods + replace carpet/vinyl) • Full kitchen remodel • Full bathroom remodel • Lighting & minor electrical updates •Structural reinforcement & stabilization • Crawlspace remediation • Leveling ESTIMATED REPAIR COST: ~$40K – Rent-ready improvements ~$75K–$85K – Full renovation COMPS / ARV Nearby renovated comps support an ARV in the $180K–$190K range. INVESTOR NOTES • Large lot increases resale and rental appeal • Some major plumbing upgrades already completed • Long-life metal roof reduces future capital expenses • Solid square footage for the area • Suitable for flip, BRRRR, or long-term rental TERMS • Cash or hard money preferred • Buyer pays all closing costs • Non-refundable earnest money upon contract execution • Sold AS-IS DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.