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China Grove, NC: Value-Add Investment w/ Multiple Exit Strategies Available

  • $155,000
  • 2 beds
  • 1 baths
  • 1,240 sqft

Alpha Bravo Properties is proud to present this opportunity in the expanding community of China Grove. Ideal for investors seeking a rental hold, a renovation project, or a profitable resale, this property offers multiple exit strategies. With a convenient location near schools, shopping, and dining, along with recent system updates already in place, it’s positioned for strong demand. Add in straightforward value-add improvements, and you’ve got a solid investment with exceptional upside.

Property Highlights:

  • 2024 roof & heat pump
  • Gas HVAC, electric water heater
  • Modernize kitchen cabinets/countertops
  • A couple of windows were updated
  • Bonus space that can easily be repurposed into a third bedroom, increasing rental income and resale appeal.
  • Rental Estimate: 1,600

Specs:

  • Size: 1,240 sq ft
  • Lot Size: 0.53 acres
  • Bedrooms: 2
  • Bathrooms: 1
  • Year Built: 1937
  • Utilities: City water & sewer

Renovation Potential:

  • Finish remaining window replacements and refresh cosmetics.

Sold Comparable:

97 Central Ave, China Grove, NC 28023

  • 2bd 1.5ba 1,236 sq ft Lot Size: 0.14 acres Year Built: 1930
  • Sold for 160K in December 2024

138 2nd Ave, China Grove, NC 28023

  • 2bd 1ba 1,070 sq ft Lot Size: 0.18 acres Year Built: 1940
  • Sold for 185K in December 2024

126 Poplar St, China Grove, NC 28023

  • 2bd 1ba 1,084 sq ft Lot Size: 0.20 acres Year Built: 1930
  • Sold for 188K in January 2025

133 2nd Ave, China Grove, NC 28023

  • 2bd 2ba 1,045 sq ft Lot Size: 0.17 acres Year Built: 1930
  • Sold for 200K in September 2025

913 S Franklin St, China Grove, NC 28023

  • 3bd 1ba 1,242 sq ft Lot Size: 0.47 acres Year Built: 1949
  • Sold for 250K in April 2025

98 1st Ave, China Grove, NC 28023

  • 3bd 2ba 1,356 sq ft Lot Size: 0.19 acres Year Built: 1925
  • Sold for 264,950 in October 2024

Contact us today to learn more or schedule a private viewing and experience this exceptional property for yourself.

CALL OR TEXT

MARY (704) 869-2795

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DISCLAIMER: This company holds a direct contract with the Seller. Any attempt to contact the Seller directly will result in legal action. The property is being sold as-is, with the Buyer responsible for standard closing costs and escrow fees for both buyer and seller. No written or oral representations are made regarding the property. A non-refundable $5,000 earnest money deposit (EMD) is required within 1 business day of ratification. Buyers are encouraged to conduct their own due diligence. This company and its members or employees make no guarantees about the property’s condition, value, characteristics, or financial benefits. This is an assignment of contract, secured by a legally binding purchase agreement with the Seller, granting this company exclusive rights to purchase the property. Serious offers only.

Price:
$155,000
Address:
XXX Dillon St
China Grove, NC 28023
Square Feet:
1,240
Lot Size:
0.57 acres
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1936

Call (980) 495-0507 for more details

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