c.1927 North Carolina Fixer Upper With Land $145K

OHU50K Notes $145,000

She looks like a mighty, mighty brick house, but the North Carolina fixer upper requires a lot of work. The seven bedroom, 2.5 bath traditional brick home sits on a 1.56 acre lot in a residential neighborhood. She has attached garage, sunroom, hardwood floors, unpainted woodwork, multiple fireplaces, but an equal number of repairs that ned to be made.

House View featured at 110 E Ingram St, Mount Gilead, NC, 27306

Realtor Comments

Attention Investors !! Located in Mount Gilead, NC this 7 bedroom / 2.5 bath home was built in 1927 and sits on over 1.5 acres. Walking distance to downtown shops and restaurants. The property will require extensive renovation throughout including roof, facia, baths, front porch, basement and there is no central air. The heat is an oil furnace that provides steam to the radiators throughout the home. The owner does not make any representation to it’s operation or function. The bones of the home seem sound and this could be the perfect project for the experienced investor. The owner is offering financing with approved credit and insurance with 20% down over a 15 year period at 9%APR.

7bed
2.5bath
Circa 1927

Door featured at 110 E Ingram St, Mount Gilead, NC, 27306

110 E Ingram St, Mount Gilead, NC 27306 $145,000

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Mark A McRae
Brokered by: McRae Properties
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Patio featured at 110 E Ingram St, Mount Gilead, NC, 27306

Location

The North Carolina fixer upper is located in Mount Gilead, a small town located in Montgomery County. It is situated in the central part of the state, approximately 65 miles east of Charlotte. The town is named after the biblical Mount Gilead, which is mentioned in the Book of Genesis.

Mount Gilead has a rich history that dates back to the early 19th century when it was first settled. The town was officially incorporated in 1873. Throughout its history, Mount Gilead has primarily been an agricultural community, with farming playing a significant role in its economy. The town’s rural surroundings are characterized by rolling hills and farmland, which contribute to its scenic beauty.

In terms of demographics, Mount Gilead has a relatively small population, around 1,100 people. The town has a close-knit community feel, and residents often engage in community events and activities.

The town of Mount Gilead offers several amenities and facilities to its residents. It has a few local businesses, including shops, restaurants, and services. The town also has a post office, a public library, and a recreational center, providing opportunities for various recreational activities.

One notable attraction in Mount Gilead is the Morrow Mountain State Park. Located nearby, the park offers scenic views, hiking trails, camping facilities, and opportunities for outdoor activities such as fishing and boating. Morrow Mountain, which is part of the Uwharrie Mountains, provides a picturesque backdrop to the town.