416 Catherine StreetHertford, NC 27944Price: $20,000

416 Catherine Street offers a unique investment opportunity for a buyer prepared to take on a substantial renovation project. The property includes 3 bedrooms, 1 bathroom, a living room and kitchen and is situated on a .41± acre lot within town limits. PROPERTY IS A MAJOR FIXER-UPPER AND HAS SIGNIFICANT TERMITE DAMAGE WITH ACTIVE TERMITES PRESENT. Seller is unable to convey clear title, and the property will be conveyed by Quitclaim Deed only. Removing or demolishing the existing home will not resolve the title issue. Given the condition and title limitations, this property may be best suited for an investor interested in renovating the home for long-term rental use. After several years of ownership, a future owner may have options for pursuing clear title; however, there is no guarantee that clear or marketable title can ultimately be obtained. Buyer and buyer's attorney should independently investigate and fully understand the property's condition, title status, insurability, financing limitations and the legal effect of accepting a Quitclaim Deed prior to purchase. Property is being sold AS-IS.