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OVERVIEW | 2 Tipton Ct, Greensboro, NC 27406
At $140k — just $74/sqft — this 1,892 sqft ranch comes in well under the sold comp average of ~$233k, putting ~$93k of spread on the table at asking price. Greensboro’s 27406 ZIP sits minutes from Cone Health’s flagship campus, UNC Greensboro, and NC A&T State University, supporting consistent rental and retail demand across the south side. The property sits on a generous 0.41-acre lot, giving a rehabbed product additional curb appeal in a supply-constrained market. Flippers and buy-and-hold investors both have a clear play here at this entry point.
Comp Avg (Sold): ~$233k | For Sale Avg: ~$280k | Rent Avg: ~$1,750/mo | Gross Yield at Asking: ~15.0%
DETAILS
Type: Single Family Home
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,892 sq ft
Year Built: 1972
Lot Size: 0.41 acres
Utilities: City Water & Sewer
Occupancy at Closing: Seller needs 14 days after closing to vacate. 50% of seller’s proceeds will be held back.
Closing Date: 6/25/26
Closing Attorney: Atlas Orange
CONDITION
- Roof Age — 3 years old
- HVAC Age — 10+ years old; both units still operational
- Property sold as-is
COMPARABLE SALES
312 Craig St, Greensboro, NC 27406 — 1,361 sq ft — $220k ($161/sqft) — Sold 4/15/2026
2619 Darden Rd, Greensboro, NC 27406 — 1,153 sq ft — $230k ($199/sqft) — Sold 8/5/2025
2004 Bailiff St, Greensboro, NC 27403 — 1,620 sq ft — $250k ($154/sqft) — Sold 5/15/2026
Comp Average: ~$233k (~$171/sqft)
Our Price: $140k ($74/sqft)
Your Spread: ~$93k
At $74/sqft against a sold comp average of ~$171/sqft, this is a 57% discount to market on a per-foot basis — the math is hard to argue with. Strongest play is a flip, but the 15.0% gross yield keeps buy-and-hold investors in the conversation as well.
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.