1314 Franklin Avenue
High Point,
NC
27260
Property Details
List Price: |
$220,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Versatile Real Estate Group |
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Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1922 |
Notes: |
This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! $5000 towards closing costs with full price cash offers. |
MlsNumber: |
1108096 |
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Listing Provided By: |
Versatile Real Estate Group, original listing |
Name: |
Versatile Real Estate Group |
Phone: |
(919) 225-0660 |
Office Name: |
Versatile Real Estate Group |
Office Phone: |
(919) 225-0660 |
Agent Name: |
Carlos Parks |
Disclaimer: |
Copyright © 2024 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |