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🔥 1914 Harris St, Goldsboro, NC 27530. Condo, 2 bed / 2 bath, 1,316 sq ft. HVAC needs replacement — priced at $115K with gross rental yields projecting 11–13%+ at market rents. Cash flow play in a military market. 🤝
Why Goldsboro? Seymour Johnson Air Force Base anchors this market with a constant pipeline of tenants who need housing, pay on time, and rotate in and out on military orders — meaning vacancy is low and demand is reliable year-round. Goldsboro’s low cost of entry, growing Eastern NC job base, and below-national-average home prices make it a prime market for investors who want yield without the big-city price tag. With rents holding steady and inventory thin in the condo/townhome segment, this one checks the boxes.
💰 Asking: $115,000 | Comp Average: ~$131,000 | 🔥 Spread: ~$16,000
| Type | Condo |
| Bedrooms / Baths | 2 bed / 2 bath |
| Living Area | 1,316 sq ft |
| Year Built | 1983 |
| Utilities | City Water & City Sewer |
| HOA | $165/month (covers maintenance of grounds; roof maintained by HOA) |
| Occupancy at Closing | ✅ Vacant at closing |
| Closing Date | May 22, 2026 |
| Closing Attorney | Atlas Orange |
⚠️ HVAC is non-functional — both heat and cooling need replacement. Budget accordingly prior to tenant placement. ✅ Roof is maintained by the HOA ✅ Property will be vacant at closing, ready for immediate rehab and lease-up.
🚨 CONDITION WARNING — HVAC Both the heating and cooling systems are currently inoperable. Buyers should factor a full HVAC replacement into their acquisition costs before submitting an offer. All other due diligence is buyer’s responsibility.
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 1910 Harris St | 1,396 | $155,000 | $111/sq ft | Sold — same street/subdivision |
| 2004 Harris St | 1,316 | $127,000 | $97/sq ft | Sold — identical sq ft to subject |
| 2007 Stephens Ct | 1,276 | $110,000 | $86/sq ft | Sold — smallest of the three |
| Comp Average (all sold) | ~1,329 | ~$130,667 | ~$98/sq ft | |
| 🏷️ Our Price | 1,316 | $115,000 | $87/sq ft | |
| 💸 Your Spread | ~$16,000 |
Note: Comp 3 (2007 Stephens Ct) sold at $110K — below asking — and is the smallest unit. The subject is larger (1,316 sq ft) and matches Comp 2 exactly in size, which sold at $127K. The true apples-to-apples comp puts you $12K below that identical-sq-ft sale.
💡 The real story here is yield. At $115K with rents running $1,100–$1,300/month in this submarket, a buyer is looking at gross annual income of $13,200–$15,600 — that’s an 11.5–13.6% gross yield before expenses. Factor in the $165/month HOA (which covers grounds and roof), budget for HVAC replacement, and you’ve got a straightforward stabilize-and-hold play in one of Eastern NC’s most reliable rental markets. The identical-sq-ft unit at 2004 Harris sold at $127K — this is priced $12K below that comparable, as-is.
⚠️ 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
- $495 transaction fee payable to Bright Home Offer LLC
- 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.