OVERVIEW
4558 Swift Creek School Rd, Whitakers, NC 27891
At $110,000 — just $58/sq ft — this 1,892 sq ft brick ranch prices below the as-is sold comp average in the area, putting immediate equity in your pocket before the first dollar of rehab. Whitakers sits within striking distance of Rocky Mount’s industrial corridor, including the Cummins Engine plant and growing manufacturing demand along the I-95 trade route roughly 20 minutes out. The property sits on 1.20 acres with well and septic, and will be vacant at closing — clean entry, no tenant complications. With a brand new roof already done and renovated product in this ZIP trading at $164,900 and climbing, there’s a legitimate value-add story here for both flippers and hold buyers.
Comp Avg (Sold): ~$126,500 (~$62/sq ft) | For Sale Avg: ~$175,000
Rent Avg: ~$1,200/mo | Gross Yield at Asking: ~13.1%
DETAILS
Type: Single Family Home
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,892 sq ft
Year Built: 1968
Lot Size: 1.20 acres
Utilities: Well & Septic
Occupancy at Closing: Vacant at closing
Closing Date: 06/25/26
Closing Attorney: Atlas Orange
CONDITION
- New roof as of February 2024
- Central AC in place; oil heat operational but tank has been removed — buyers should budget for a heating system update or conversion
- Additional condition details unknown — buyers are encouraged to perform a thorough walkthrough and factor all findings into their rehab budget
- Property sold as-is
COMPARABLE SALES
8754 State Highway 48, Whitakers, NC 27891 — 1,796 sq ft — $120,000 ($67/sq ft) — Sold July 2025, as-is
303 W Pippen St, Whitakers, NC 27891 — 2,352 sq ft — $133,000 ($57/sq ft) — Sold April 2026, as-is
Pending reference: 9932 Straight Gate Rd, Whitakers, NC 27891 — 1,040 sq ft — $164,900 ($159/sq ft) — Pending June 2026, fully renovated. Excluded from sold average — included as a directional signal for renovated exit value in this ZIP.
Comp Average: ~$126,500 (~$62/sq ft) Our Price: $110,000 ($58/sq ft) Your Spread: ~$16,500
At $58/sq ft you’re buying below the as-is sold average with a new roof already in place. The renovated pending at $164,900 shows where this market goes post-rehab — a buyer willing to put in the work is looking at a potential $50,000+ spread. Strong gross yield of 13%+ makes this equally compelling for the right hold buyer.
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.