Catylist ID: #30317752
3 Fully Leased Rental Houses Kinston, NC
Multi-Family for Sale
|Catylist Listing ID:||30317752|
|Number of Units:||3 Units|
|Building Size (RSF):||3,368 SF|
|Unit Price:||$63,333.33 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Great investment opportunity for someone looking for a fully leased turnkey investment.
Three single family residential homes that have recently been renovated with tenants and management in place in Kinston, NC. There is a shortage of solid rentals in this market and these are ready to go.
Properties are located at 1114 Harper Drive, 1504 Howard St and 207 Pierce Dr. Kinston, NC.
Current owner has spent almost $27,000 in capital improvements to these properties in 2017 and 2018.
Properties are fully leased and generating approximately $16,140 in annual NOI, providing a very attractive cash on cash return.
Redidential property disclosures and mineral rights disclosures available, see listing agent for details.
Attachments & Media
|Finance Data Year||2018|
|Real Estate Taxes - Annual($)||$2,192 (Annual)|
|Potential Rental Income||$24,540 (Annual)|
|Gross Operating Income||$22,086 (Annual)|
|Net Operating Income||$16,140 (Annual)|
|Actual or Proforma Year||Actual|
|Taxing Authority:||Lenoir County|
|Tax ID/APN:||4525-28-6918 4536-00-6490 4526-41-2482|
|Proximity:||1 mile||3 miles||5 miles|
Mark EverettThe Overton Group, LLC
|The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|