113 S Davie Street, Cooleemee, NC 27028
Local realty services provided by:Better Homes and Gardens Real Estate Heritage
Listed by: kirk hanson
Office: ck select commercial real esta
MLS#:4375336
Source:CH
113 S Davie Street,Cooleemee, NC 27028
$89,900
- 2 Beds
- 1 Baths
- 1,500 sq. ft.
- Single family
- Active
Price summary
- Price:$89,900
- Price per sq. ft.:$59.93
About this home
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....
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Home facts
- Year built:1920
- Listing ID #:4375336
- Updated:May 13, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Carpet, Wood
- Living area:1,500 sq. ft.
Structure and exterior
- Year built:1920
- Building area:1,500 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Level
- Construction Materials:Vinyl
- Foundation Description:Crawl Space
Schools
- High school:Davie
- Elementary school:Cooleemee
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$89,900
- Price per sq. ft.:$59.93
Parking
- Parking description:Driveway
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