113 S Davie Street, Cooleemee, NC 27028

$65,000
2
BD
1
BA
1,500
SqFt

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Listing courtesy of CK Select Commercial Real Esta. kirk@ckselectrealestate.com

Sold listing courtesy of CK Select Commercial Real Esta

Sold Price
$65,000
List Price
$89,900
Status
CLOSED
Days on Market
38
Closing Date
Jun 05, 2026
MLS#
4375336
Year Built
1920
Bedrooms
2
Bathrooms
1
Full Baths
1
Living Area
1,500
Lot Size
7,840
Acres
0.18
Neighborhood
No Neighborhood

Property Description

113 S Davie Street | Cooleemee, NC | $95,000 | Cash/Conv/Private Lending Below-assessed-value acquisition opportunity in Cooleemee's historic Erwin Mills neighborhood. Tax assessed at $117,120 — listed at $95,000. This 1920-built, 1,500 sq ft, 2BR/1BA mill cottage sits on a level 0.18-acre lot with city water, city sewer, and a paved, publicly maintained road. No HOA. No CCRs. The home requires a full renovation. Known scope includes: roof repair/replacement (active penetration above kitchen), kitchen rebuild (collapsed floor and ceiling), flooring throughout, and cosmetic updates. The structure is sound (crawl space foundation, architectural shingle roof on remaining sections, vinyl siding). Covered front porch, storage shed, asphalt driveway, and washer/dryer hookups are in place. Comparable renovated homes on Davie Street are selling in the $160,000–$190,000 range. At $95K acquisition plus estimated $40–60K renovation, this deal offers a realistic path to a 20%+ equity position at resale or a strong long-term rental hold in a market with limited inventory. Cash, conventional, and private lending accepted. Sold strictly as-is. Lockbox access — schedule anytime.

Additional Information

Appliances
None
Heating
Electric
Air Conditioning
Electric
Exterior Construction
Site Built
Levels
One
Roof
Architectural Shingle
Foundation
Crawl Space
Parking
Driveway
Elementary School
Cooleemee
Middle School
South Davie
High School
Davie
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