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Listed by Braddock Realty
$ 750,000
Est. payment | /mo
8,700 SqFt
$ 750,000
Est. payment | /mo
8,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,700 sqft
Price per Sqft $86
MLS Listing ID 10199480
HOA Y/N No
Year Built 1984
Annual Tax Amount $5,738
Lot Size 1.140 Acres
Acres 1.14
Lot Dimensions 298' x 164'
Property Sub-Type Multi Family
Source Doorify MLS
Land Area 8700
Property Description
Five duplexes, ten 2-bed/1-bath units, on Planter Street (901-937). All five were built in 1984. Four of the buildings have metal roofs and one has a shingle roof. Individually metered - tenants pay all utiliities directly to utility provider 1 vacant unit with room to move occupied up to market rent Priced at a 9.53% cap with current occupancy, projected at a 11.89% cap once stabilized About 8,700 SF of building across five separate structures. This is a simple, low-maintenance rental portfolio for an investor, with the vacancy and the rent-to-market gap as the upside.
Location
State NC
County Edgecombe
Area 1.14
Interior
Fireplace No
Exterior
Garage No
Building
New Construction No
Others
Tax ID 375994997400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
5966 Fairview Rd, Suite 400, Charlotte, NC 28210, United States