🔥129 Gayle Ave, Eden, NC 27288. Single family ranch. 3 bed / 2 bath. 1,634 sq ft on nearly half an acre. Sold comps averaging $225K — priced at $125K. That’s roughly $100K below market. 🤝
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Reasons investors look at Eden:
The price points are the main draw. You can still buy and rehab a 3/2 ranch for well under $150K and sell into a $200–$240K market — that spread is nearly impossible to find in the Triangle or Triad proper anymore. Low acquisition cost means lower risk exposure and faster cash-on-cash recovery for flippers.
For rentals, the math can work too. A $125–$150K all-in cost on a property that rents for $1,100–$1,400/month pencils out to a gross yield most Raleigh or Charlotte investors would envy.
Eden also sits within reasonable driving distance of Danville, VA, Martinsville, VA, Reidsville, and Greensboro — so the tenant pool isn’t limited strictly to Eden residents.
💰 Asking: $125,000 | Comp Average: ~$225,000 | 🔥 Spread: ~$100,000
| Type | Single Family Residence |
| Bedrooms / Baths | 3 bed / 2 bath |
| Living Area | 1,634 sq ft |
| Year Built | 1972 |
| Lot Size | 0.49 acres |
| Utilities | City Water & Septic. Gas water heater & gas heat. |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Closing Date | April 30, 2026 |
| Closing Attorney | Hankin Pack Law |
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 420 Shady Grove Rd | 1,426 | $244,000 | $171/sq ft | Sold Dec 2025 |
| 293 Brightwood Rd | 1,499 | $239,900 | $160/sq ft | Sold Apr 2025 |
| 198 Green Knolls Dr | 1,635 | $222,000 | $136/sq ft | Sold Mar 2026 |
| 1915 Ashby St | 1,632 | $219,900 | $135/sq ft | Sold Dec 2025 — 2 bed |
| 1006 Irving Ave | 1,699 | $200,000 | $118/sq ft | Sold Aug 2025 |
| Comp Average (sold) | ~1,578 | ~$225,160 | ~$144/sq ft | |
| 🏷️ Our Price | 1,634 | $125,000 | $76/sq ft | |
| 💸 Your Spread | ~$100,160 |
Note: 1915 Ashby St is a 2-bedroom; included in average as overall sq ft and price point are in range. All 5 comps are sold stick-built ranches in Eden, NC.
💡 The Angle
At $76/sq ft, you’re buying nearly $100K below a sold comp average of $225K in an active Eden market. The subject property actually matches the sq ft of 198 Green Knolls Dr — which just sold for $222K in March 2026 — nearly dollar for dollar in size, but priced at roughly half. For a rehabber, there’s significant room to work. Comps in this zip consistently trade between $118–$171/sq ft; even a modest renovation brings you well into that range.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.