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DETAILS

Type: Single Family

Bedrooms / Baths: 2 bed / 1 bath

Living Area: 738 sq ft

Year Built: 1960

Lot Size: 0.744 acres (32,396 sq ft)

Zoning: RA3

Utilities: City Water & Sewer

Occupancy at Closing: Will be vacant at closing

Closing Date: 10/09/26

Closing Attorney: Atlas Orange

Parcel ID: 11-327-C-000-0093

Annual Taxes: $419

CONDITION

• Built in 1960 — no specific mechanical, roof, or system condition notes were provided; buyers should factor inspection findings into their rehab budget
• No clean-out or repairs have been made
• Property sold as-is

COMPARABLE SALES

Comp Average: ~$171,000 (~$194/sq ft)
Our Price: $99,999 ($136/sq ft)
Your Spread: ~$71,000

This deal sits roughly $71,000 below the average sold price and about $58/sq ft under the average sold comp, giving a flip buyer a wide cushion for rehab and holding costs while still leaving room to exit profitably. For a hold buyer, the numbers work just as well — comparable 2 bed/1 bath rentals in the same ZIP put this deal into double-digit gross yield territory at asking. Either strategy has room to work here.

OVERVIEW

215 Robertson St, Lexington, NC 27295

At $99,999, this 738 sq ft, 2 bed/1 bath home is priced roughly $71,000 under recent sold comps in the immediate area, which have averaged $171,000 (~$194/sq ft) against this deal’s $136/sq ft. The property sits minutes from Uptown Lexington with quick access to Business 85 and I-85, putting Winston-Salem, High Point, Thomasville, and Greensboro all within easy commuting distance. A 0.744-acre lot, city water and sewer, and guaranteed vacant possession at closing add flexibility for either a flip or a long-term rental play. With comparable 2 bed/1 bath homes in the same ZIP renting for roughly $1,000–$1,200/month, this deal pencils out to a strong double-digit gross yield at asking.

Comp Avg (Sold): ~$171,000 | For Sale Avg: ~$151,000
Rent Avg: ~$1,050/mo | Gross Yield at Asking: ~12.6%

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.