2309 Fernwood Dr

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🔥 Greensboro Flip Opportunity | Large Lot + Strong Comps 🔥

Address: 2309 Fernwood Dr, Greensboro, NC 27408
Price: $167,500

Property Overview

Solid 3-bed, 1.5-bath single-family home with 1,445 sq ft sitting on a large 0.38-acre lot in a desirable Greensboro location. Built in 1953, this is a light-to-moderate rehab opportunity with strong upside based on nearby comparable sales.

The property is vacant, allowing for immediate access and renovation.

Key Features

• 3 Beds / 1.5 Baths
• 1,445 Sq Ft
• 0.38 Acre Lot
• Built in 1953
• Vacant

Condition & Value-Add

• Structurally appears solid
• Roof & siding in good condition
• Interior needs cleanout + cosmetic updates
• HVAC is older and likely needs replacement
• Opportunity to convert half bath to full bath for increased ARV

Comparable Sales

• 1506 Quail Dr – $365,000 (3/2, 1,450 sq ft)
• 905 N Elam Ave – $319,000 (3/2, 1,406 sq ft)
• 2322 Fernwood Dr – $310,000 (3/2, 1,356 sq ft)
• 1700 Quail Dr – $285,000 (3/1, 1,399 sq ft)

Investment Highlights

• Strong spread potential based on comps
• Large lot adds value and buyer appeal
• Ideal for flip or BRRRR strategy
• Simple cosmetic rehab with upside from adding full bath

📸 Photos

⚠️ Disclaimer
This is an assignment of contract. We are not the property owner or brokers. Do not contact the seller directly. Any unauthorized contact or attempt to renegotiate will result in legal action.

⚡ Well-located flip opportunities with this kind of upside are getting harder to find — act quickly.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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