Rare Edenton, NC Fix n flip 27932– Walk to Waterfront, ARV $400K+

4 Beds / 1 Baths • 1,482 SqFt
Offer Submission Deadline
  • Single Family House
  • 4
  • 1
  • 1940
  • 1482
  • 8712
  • No Garage

Description

ADDRESS: 220 E Church St, Edenton, NC 27932

Property Type: Single-Family Home

Bedrooms / Bathrooms: 4 bd / 1 ba

Square Feet: 1,482 sq ft

Condition: Full Rehab Needed – all systems and interiors require rehab

Asking Price: $120K

Earnest Money Deposit (EMD): $5,000

Due Diligence: No DD

Access: On Lockbox – Available for Showings

Area Summary

  • Located in Historic Downtown Edenton, one of North Carolina’s most charming waterfront towns on the Albemarle Sound.
  • Surrounded by beautifully restored historic homes and thriving local businesses.
  • Walkable to shops, restaurants, the courthouse green, and the waterfront park.
  • Strong tourism appeal and appreciation potential as the historic district continues to revitalize.

Highlights

  • Spacious 4-bedroom layout offers flexibility for resale or rental conversion.
  • Prime historic street with multiple $300K–$500K homes nearby.
  • Significant value-add potential — perfect for experienced investors or contractors.
  • Historic charm + great location = high resale or Airbnb potential.

Comparable Sales

  • 219 E Church St, Edenton, NC 27932 — Sold for $338,000
    • 3 bd / 3 ba, 1,448 sq ft
    • Approx. $233 per sq ft
    • Directly adjacent to subject; beautifully restored, strong anchor comp.
  • 302 W Church St, Edenton, NC 27932 — Sold for $512,500
    • 3 bd / 3 ba, 1,651 sq ft
    • Approx. $310 per sq ft
    • Fully renovated, high-end finish; showcases top-end potential for Church St.
  • 128 E Gale St, Edenton, NC 27932 — Sold for $405,000
    • 3 bd / 2 ba, 1,341 sq ft
    • Approx. $302 per sq ft
    • Renovated historic home nearby; supports strong resale value post-rehab.

Average ARV Range: $275–$300 per sq ft

Projected ARV (1,482 sq ft): ≈ $400,000 – $445,000+ after full renovation

Investment Strategy Options

1. Full Rehab / Flip

  • Entry: $120K + full renovation ($100K–$120K est.)
  • Potential resale: $400K–$445K+
  • Ideal margin for experienced rehab investors.

2. Long-Term Hold / Short-Term Rental (STR)

  • Historic district and waterfront proximity attract premium nightly rates.
  • After rehab, expect strong rental and Airbnb demand year-round.

Estimated Spread

  • ARV $400,000
  • Price $120,000
  • Spread $280,000