Description
It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Furnished units are used as short-term and long-term rentals. Net Operating Income of $118,000 per year offers investors a CAP rate of 7.87%. Properties are shown by appointment only, with 72 hours' notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: New duct works under home New disposal in kitchen New paint in several rooms New HVAC in the cottage New drain lines for the cottage Extensive landscaping and driveway improvements; 307 W 18th St: Complete remodel of a main suite addition of Complete bath and walk-in closet New floors throughout New paint and wallpaper throughout New drive-through and parking lot in back of house New siding paint on the back of the home. Upgrades to all bathrooms; 840 Jane Street: New landscaping in front of the house. Seller provided the Annual Property Operating Data sheet available. FOUR PROPERTIES ARE BEING SOLD TOGETHER: All addresses are Lumberton, NC 28358...1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, 307 W 18th St. Full photos avalable at: https://tinyurl.com/28358dz
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Courtesy of COLDWELL BANKER PREMIER TEAM REALTY: 910-738-3441.Description
It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Furnished units are used as short-term and long-term rentals. Net Operating Income of $118,000 per year offers investors a CAP rate of 7.87%. Properties are shown by appointment only, with 72 hours' notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: New duct works under home New disposal in kitchen New paint in several rooms New HVAC in the cottage New drain lines for the cottage Extensive landscaping and driveway improvements; 307 W 18th St: Complete remodel of a main suite addition of Complete bath and walk-in closet New floors throughout New paint and wallpaper throughout New drive-through and parking lot in back of house New siding paint on the back of the home. Upgrades to all bathrooms; 840 Jane Street: New landscaping in front of the house. Seller provided the Annual Property Operating Data sheet available. FOUR PROPERTIES ARE BEING SOLD TOGETHER: All addresses are Lumberton, NC 28358...1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, 307 W 18th St. Full photos avalable at: https://tinyurl.com/28358dz
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