**INVESTMENT OPPORTUNITY / FIXER-UPPER!** Bring your vision to this Franklinton property with renovation potential and an opportunity to build equity. This home is being offered **AS-IS** and will require repairs and updates, making it a great candidate for an investor, flipper, or buyer looking for a project.
The roof, HVAC system, and appliances were replaced in 2019. Property needs interior updating, including flooring and walls, along with additional repairs.
Convenient Franklinton location with potential for the right buyer. **Cash offers preferred due to current condition.** Buyers and agents are encouraged to perform their own due diligence and inspections. Seller will make no repairs.
12 categories
Doorify MLS #10186039$180,000$150/sqftNear 202 Mitchell Avenue · Franklinton, NC 27525
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
Both this property and 202 Mitchell Avenue are positioned as fixer-uppers requiring significant interior work to reach their full potential. While 202 Mitchell Avenue benefits from a newer roof and HVAC system from 2019, this sold listing offered more square footage and a larger lot for a significantly lower entry price. The price gap of nearly $50,000 is quite large considering both homes are being marketed to investors or buyers looking for a renovation project. It suggests that the home for sale is carrying a heavy premium for its recent mechanical updates.
This home represents the higher end of the local market, featuring a 2018 build date, a garage, and modern finishes like granite countertops and synthetic hardwoods. Comparing it to 202 Mitchell Avenue highlights the vast difference between a move-in ready modern ranch and a mid-century fixer-upper. The price premium for this property is justified by its age, lack of renovation risk, and superior finishes. For a buyer, the choice is between paying more for a finished product here or taking on the significant labor and cost required to update the home for sale.
This property was a true 'handyman special' that appeared to be in much worse structural and cosmetic shape than 202 Mitchell Avenue. While the home on Mitchell Avenue needs interior updates, this sold listing required a total gut renovation, as evidenced by the visible damage in the photos. The $100,000 price difference reflects the fact that 202 Mitchell Avenue is a much more 'stable' project with functioning major systems. However, it also shows that the market for distressed properties in this area starts at a much lower price point.
This level of clarity is how we work with every buyer and seller.
When you partner with Second Story Realty, you get a team that studies the market deeply, explains the “why” behind the numbers, and guides you with transparency at every step.
You can contact us to talk strategy, ask questions, or schedule a showing, we will help you take the next step with confidence.
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Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.
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Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
