July 25, 2014

Great Starter Home or Investment Property! Just $42,500 with 3 Bedrooms!

319 D AVENUE Salisbury, NC 28144 is a great, solid brick, investment or starter home. And at just $42,500 ~ who can resist this sensible 3-bedroom, one bath, all-brick home purchase!

The home features smart room designs with a combo-kitchen-dining area. It has a spacious living room. Each bedroom is roughly 12 x 12, nicely sized rooms for this 1340 square-foot house! The kitchen, dining room, and living room are nicely proportioned as well! This D-Avenue home has another 120 square feet of non-heated enclosed porch area.

Currently, the home is a rental property.  The current tenant on month to month pays 600 per month.on a month-to-month basis.

319 D Avenue is located on a cute little suburban-looking street right off the main drag through Salisbury, close to bus lines, shopping, and eateries. And wait ~ check out this price point! At just $42,500, this little one-story D-Avenue home is the perfect investment property or starter home! Add to that its all brick construction, this property will be nearly maintenance free!

Real estate investing is an exciting field because of the many different niches and strategies you can use to customize your plan to fit your personality and position in life. Perhaps you enjoy risk and would prefer a “fix and flip” business? Or maybe you are looking at long-term stability and would prefer investing in single-family rentals.

There are hundreds of ways to invest in real estate, so find the strategy that best fits your lifestyle. Here are some tips about what kind of property you should buy:
  • Well-maintained homes – The time, effort and money required to bring fixer-uppers into good condition make it difficult to get a good ROI on them. 
  • Avoid fancy, expensive homes – The higher the home price, the lower the net rental income is compared to it. Buy as personal residences, change to rentals – 
  • Owner-occupants get the best financing, and living in the house gives you insight into what needs to be improved before you sell it. 

Maybe now is the time for you to consider an investment property...or is it the time to purchase that first home and stop renting? Interested? 319 D Avenue, Salisbury NC is waiting for you!  Give Greg Rapp a call at (704) 213-6846.  Now IS the time!

319 D Avenue
Salisbury NC 28144
MLS #R56653

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 


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