306 Old Loy Avenue, Jacksonville, NC 28540

Description

Attention INVESTORS! How many properties hit the 1% rule for long term rental anymore? With a purchase price of $125k this property is estimated to generate $1250 per month. That doesn't account for the potential of the second lot that comes with this house & has an older building that appears to have been a 1 bed, 1 bath ADU at one time. Fix up the ADU & rent it out for an even higher ROI (buyer to verify ability to do this). If you really want to get creative, there is also an RV pad on the vacant lot that could be used for even more income. The single level, 3 bed, 2 bath main home at 306 Old Loy Ave has been fully updated. The metal roof should be maintenance free for years & the hvac was replaced in 2021! Siding is hardie board. New vapor barrier under house w/ termite bond included. New shims, straps, & anchors have been installed in the crawlspace as well. Inside has been freshly painted in a neutral shade of grey. New LVP floors, light fixtures, switches, & receptacles throughout, along w/ updated bathrooms. New cabinets, countertops, & appliances in the kitchen. A large, covered patio out back is the perfect place for relaxing, rocking, or dining in cooler weather. The sandy area is where a storage building was removed. The additional lot is located diagonally behind the house. Septic tank has had roots removed, been pumped, & hydro jetted & is located on the additional lot. There is a storage building as well. Please note that GIS does not accurately depict property lines. The home has been permanently affixed to the property. Acreage & lot square fee are for both lots combined. Cash sale only.