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.
Address
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Address: 113 S Davie Street
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City: Cooleemee
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State/county: NC
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Zip/Postal Code: 27028
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Area: NONE
Details
Updated on May 12, 2026 at 3:25 pm-
Property ID 4375336
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Price $95,000
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Bedrooms 2
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Bathroom 1
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Garage Size x x
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Year Built 1920
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Property Type Single Family Residence, Residential
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Conventional,Private
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Roof Architectural Shingle
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Sewer Public Sewer
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Cooling Electric
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Heating Electric
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Flooring Carpet,Wood
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County Davie
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Property Type Residential
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Parking Driveway
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Elementary School Cooleemee
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Middle School South Davie
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High School Davie
Features
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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