Connelly Springs · Connelly Springs, NC
7868/7864 Kinglet Road
Connelly Springs, NC · 800 sqft
$120,000
- 2Beds
- 1Baths
- 800SqFt
- 1985Year
- 100' x 24.66'Lot
- 219Days on market
About this home
"BRING ALL OFFERS"
Two townhouse units—7864 & 7868 Kinglet Drive—offered together for $120,000 and priced for a quick sale. This is a unique chance to purchase two income-producing properties in one transaction with multiple use options.
Material Facts / Property Condition: Unit 7864 experienced a fire that occurred when a tenant left the residence. The fire was contained to a very small area and primarily damaged the carpet in one bedroom. There is smoke damage; however, it is limited. The owner does have insurance, and the list price has been reduced $20,000 due to the fire. Unit 7864 also has a building permit pulled for an addition; the project (enclosing the porch) was started but not finalized. Both units are in fair condition. The HVAC system in 7868 was recently serviced.
Whether you’re looking to maximize rental income, explore short-term rental potential (buyer to verify), or live in one unit while renting the other, this setup offers strong flexibility.
7864 Kinglet Drive offers over 800 sq ft with 2 bedrooms, 1 bath, crawl space foundation, and includes an electric range, refrigerator, and laundry hookups. 7868 Kinglet Drive features approximately 800 sq ft with 2 bedrooms, 1 bath, open living area, kitchen, deck, in-bath laundry, and includes a dishwasher, electric range, refrigerator, and electric water heater.
Both units are being sold “as is, where is”, presenting a value-add opportunity for investors looking to build equity and cash flow. Don’t miss this chance to secure two units at a compelling price point.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 800
- Lot
- 100' x 24.66'
- Year built
- 1985
- Type
- Townhome
- Days on market
- 219
- Style
- Other
- Heating
- Space Heater
- Cooling
- Window Unit(s)
- Foundation
- Crawl Space
- Flooring
- Other - See Remarks
- HOA dues
- $1,000 / yr
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$966/ month
- Principal & interest
- $743
- Property tax (~1.05%)
- $105
- Homeowners insurance
- $35
- HOA dues
- $83
Down payment
$6,000 down · $114,000 financed
Income to qualify (28% rule)
~$41,422 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.