416 Catherine Street offers a unique investment opportunity for a buyer prepared to take on a substantial renovation project. The property includes 3 bedrooms, 1 bathroom, a living room and kitchen and is situated on a .41± acre lot within town limits.PROPERTY IS A MAJOR FIXER-UPPER AND HAS SIGNIFICANT TERMITE DAMAGE WITH ACTIVE TERMITES PRESENT. Seller is unable to convey clear title, and the property will be conveyed by Quitclaim Deed only. Removing or demolishing the existing home will not resolve the title issue.Given the condition and title limitations, this property may be best suited for an investor interested in renovating the home for long-term rental use. After several years of ownership, a future owner may have options for pursuing clear title; however, there is no guarantee that clear or marketable title can ultimately be obtained.Buyer and buyer's attorney should independently investigate and fully understand the property's condition, title status, insurability, financing limitations and the legal effect of accepting a Quitclaim Deed prior to purchase. Property is being sold AS-IS.
Listed By
Agency Name: United Country Forbes Realty & Auctions LLC
Agency Phone: 252-426-1380
Shown By
Agency Title: CENTURY 21 Thomas
Agency Phone: 888-249-2100
Estimated Payment
$ 50.34 per month $44.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $5.83 Homeowner's Insurance
416 Catherine Street | MLS# 100608262
This single family home located at 416 Catherine Street , Hertford, NC 27944 is currently listed for sale with an asking price of $20,000. This property was built in 1927 and has 3 bedrooms and 1 full baths. Catherine Street is located in the Winslow subdivision. Search Winslow real estate on www.century21thomas.com today.