🔥 Henderson, NC. Single family, 2 bed / 1 bath, 1,062 sq ft. Renovated comps averaging ~$135K — priced at $60K. That’s $75K below the renovated market. 🤝
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📍 Location Is the #1 Argument
Henderson sits right on the I-85 corridor, roughly 45 minutes north of Raleigh/Durham. As the Triangle continues to price out investors and owner-occupants, money naturally flows up the corridor to the next affordable market. Henderson is that market.
💰 Asking: $60,000 | Comp Average: ~$135,000 | 🔥 Spread: ~$75,000
| Type | Single Family Residence |
| Bedrooms / Baths | 2 bed / 1 bath |
| Living Area | 1,062 sq ft |
| Year Built | 1956 |
| Lot Size | 0.15 acres |
| Zoning | HR6 |
| Utilities | City Water & Sewer |
| Tax Value | $99,258 |
| Occupancy at Closing | ✅ Will be vacant at closing (family member occupying — vacant at closing) |
| Closing Date | April 30, 2026 |
| Closing Attorney | Hankin Pack Law |
⚠️ Property needs a new roof and new HVAC. Factor these into your renovation budget. Tax value sits at $99,258 — you’re in at $60K, well below that floor before any work begins.
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 431 Waddill St | 1,127 | $157,500 | $140/sq ft | Sold Aug 2025 — renovated, 2/1 |
| 306 Chavasse Ave | 1,176 | $149,900 | $127/sq ft | Sold Dec 2025 — not flipped, 3/1 |
| 320 Zollicoffer Ave | 942 | $145,000 | $154/sq ft | Sold Jul 2025 — nicely renovated, 3/1 |
| 1631 Sunset Ave | 954 | $132,500 | $139/sq ft | Sold May 2025 — not a flip, 2/1 |
| 1405 Parham St | 844 | $127,500 | $151/sq ft | Sold Apr 2025 — flip, smaller sq ft |
| 556 High St | 768 | $100,000 | $130/sq ft | Sold Dec 2025 — as-is, only 768 sq ft |
| 1125 Beacon Ave | 1,064 | $79,000 | $74/sq ft | Sold Mar 2026 — AS IS, unimproved |
| Comp Average (renovated/retail sold) | ~969 | ~$135,400 | ~$141/sq ft | Excludes AS-IS Beacon Ave |
| 🏷️ Our Price | 1,062 | $60,000 | $57/sq ft | |
| 💸 Your Spread | ~$75,000 | vs renovated avg |
1125 Beacon Ave excluded from renovated comp average — sold AS-IS, unimproved condition.
💡 The Angle
At $57/sq ft, you’re buying well below every sold comp in this market — including the as-is sale at $74/sq ft. The renovated comps are printing between $127–$154/sq ft, giving a flip buyer roughly $70–$80K in gross margin at current pricing before renovation costs. The subject is 1,062 sq ft — larger than four of the seven comps — which only strengthens the exit. Roof and HVAC are your two known big-ticket items; price accordingly and the numbers still work cleanly.
⚠️ 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.