Pamlico, NC-Opportunity Zone near Inter-coastal Waterway-Fixer Upper! Available

  • $Highest and best
  • 3 beds
  • 2.5 baths
  • 2,218 SqFt. sqft

Fixer Upper in an Opportunity Zone

Inter-Coastal Waterway Access! (Click Here)

Annual Property Taxes: $861.00

Central Air and heating needs to be inspected/replaced.

Will need to inspect and obtain permits for utility services

New Roof has been installed

Ceilings need repair throughout home.

Needs someone that can give it the attention it needs.

 

Information about the tax advantages of investing in an Opportunity Zone

Established by H.R.1 – The Tax Cuts and Jobs Act of 2017, the Opportunity Zones program encourages qualified investors to engage in long-term investments in low-income communities throughout the country. Designed to spur investment in communities and further economic development, the Opportunity Zones program provides tax incentives for qualified investors to re-invest their unrealized capital gains into Opportunity Funds.

Investment Incentives include:

  • A temporary tax deferral for capital gains invested in Opportunity Funds.
  • A 10% basis increase for long-term capital gains reinvested in the Opportunity Fund.
  • A permanent exclusion from taxable income of long-term capital gains.

https://public.nccommerce.com/oz/

 

Price:
$Highest and best
Address:
9413 NC-304
Bayboro, North Carolina 28515
Square Feet:
2,218 SqFt.
Lot Size:
0.509 acres
Bedrooms:
3
Bathrooms:
2.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1959
Const. Type:
Single Family

Additional Features

Disclaimer: Please perform your own due diligence. Property for sale is being sold as-is and buyer is responsible for all title and closing cost. Assigned property may be purchased with cash or hard money. All properties offered are either owned by Level Up REI NC, LLC, or under contract and selling equitable interest and/or offered in conjunction with a business associate. All offers require a $1,000.00 *non-refundable deposit and 14 day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. This deal will be nonassignable, and "daisy-chains" and/or marketing is prohibited. *Non-refundable deposit refundable if property has title issues and can not be transferred at closing or if the transaction does not close do to assignor/seller barriers.

Call 252-349-0708 for more details

Property Location