CLICK HERE FOR FULL PHOTO ALBUM
617 Sims Bridge Rd, Franklinton, NC 27525
OVERVIEW
At $129,999, this vacant 4-bed/1-bath single family home sits on a full 2 acres for under $99/sq ft — well below the area’s sold comp average and a fraction of what similar-sized homes list for in Franklinton. Franklinton sits within commuting distance of Research Triangle Park, Duke, UNC, and NC State, and continues to see steady growth from Triangle-area migration. The home is vacant now, has a full 2 acres to work with under FCO AR (Agricultural-Residential) zoning, and gives an investor a wide margin to renovate the 1941-built home and still land well under market.
Comp Avg (Sold): ~$251,500 | For Sale Avg: ~$296,000 Rent Avg: ~$2,350/mo | Gross Yield at Asking: 21.7%
DETAILS
Type: Single Family
Bedrooms / Baths: 4 bed / 1 bath
Living Area: 1,318 sq ft
Year Built: 1941
Lot Size: 2 acres (87,120 sq ft)
Zoning: FCO AR
Occupancy at Closing: Vacant now
Closing Date: 09/27/2026
Closing Attorney: Atlas Orange
Tax Value: $148,710
Parcel ID: 008353
Annual Taxes: $991
COMPARABLE SALES
4420 W River Rd, Franklinton, NC — 1,030 sq ft — $233,000 ($226/sq ft) — Sold
7 Noble Rd, Franklinton, NC — 1,914 sq ft — $270,000 ($141/sq ft) — Sold
(Sale dates weren’t retrievable through public listing pages — trusting the raw data as provided.)
Comp Average: ~$251,500 (~$184/sq ft) Our Price: $129,999 ($99/sq ft) Your Spread: ~$121,501
At $99/sq ft against a two-comp average of $184/sq ft, this deal carries one of the widest spreads in the current comp set, and the 2-acre lot adds land value the comps don’t have. The numbers favor a flip with room to renovate the 1941 structure, though the strong 21.7% gross yield also supports a hold play for a buy-and-hold investor.
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 are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal
Closing will occur as quickly as possible, but no longer than 30 calendar days
Buyer pays all closing costs — closing costs are NOT included in the asking price
Taxes will be prorated and split between parties
$495 transaction fee payable to Bright Home Offer LLC
Closing will be conducted with our closing attorney
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing
No clean-out or clean-up of any kind will be completed
Property will not be broom clean at closing
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
Negotiate your commission/fee directly with your client, separate from the wholesale price, or
Adjust the wholesale price upward to include your fee
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.