Refine Search
Sort by
$102,300
2 Beds ⋅ 1 Baths ⋅ 1204838 MLS
ONLINE ONLY AUCTION, LIST "PRICE" IS NOT SELLER'S ASKING BUT TAX VALUE OR HIGH BID PLUS BUYER PREMIUM. Unlock the potential in this diamond-in-the-rough located on Center Street in the historic mill town of Cooleemee. Whether you’re an investor, flipper, or buyer looking for your next value-add property, this home offers a rare chance to capitalize on strong rental demand and small-town charm. Sitting in a convenient location just minutes from Mocksville, Salisbury, and I-40, this property is surrounded by local amenities including restaurants, parks, community events, and the scenic South Yadkin River. Cooleemee’s revitalization efforts and affordable price point make this an ideal project for those looking to build equity or expand a rental portfolio. With some vision and renovation work, this property is primed to become a solid income-producing asset or a charming single-family residence. Opportunities like this are becoming harder to find!

144 Center Street, Cooleemee

$65,000
2 Beds ⋅ 1 Baths ⋅ 4375336 MLS
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.

113 S Davie Street, Cooleemee

$45,000
4331027 MLS
This listing includes two parcels totaling 0.34 acres, offering flexibility and future potential. Parcels include a single-wide mobile home that conveys at no additional value, providing immediate use or the option for replacement. Recent improvements include additional land clearing, a completed survey, and new electrical wiring, helping reduce upfront costs for the next owner. Zoning allows for a replacement manufactured home within six months of removal of the existing single-wide. The front parcel allows for a modular or site-built home per zoning, creating multiple possibilities for development or investment. An excellent opportunity for an investor, builder, or buyer seeking versatility, improved readiness, and long-term potential.

186 Neely Road, Cooleemee

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither The M Homes Group nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .