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Great investment opportunity. 4 2-story units, well maintained located just off of Randolph St in the heart of Thomasville. Only one unit available. Very clean and well maintained. Inquire with City of Thomasville about constructing additional building on lot
Great Investment Opportunity in Thomasville, NC Located minutes from Historic Downtown Thomasville. Very clean and well maintained property. 2 duplexes with 6 units total. Fully leased (inquire about lease details).
3 BRICK BUILDINGS, 45 TOTAL UNITS, 44 ONE BEDROOM UNITS AND 1 TWO BEDROOM UNIT. AVERAGE RENTS $285-$450. CITY WATER/SEWER. ***LAUNDRY FACILITY AREA ON-SITE (CURRENTLY NOT BEING OPERATED) POTENTIAL REVENUE INCREASE SOURCE***. BUILT IN 1956 GREAT LOCATION WITHIN MINUTES OF DOWNTOWN WINSTON-SALEM AND WAKE FOREST BAPTIST MEDICAL CENTER
This is an 8-unit all brick apartment building at the end of a street on a cul-de-sac. The building is comprised of all 2BR/1BA units approx 775SF each and have central heat/air and washer/dryer hook-ups. The rents average $450/unit and property was renovated in 2013 with new roof, new windows with lifetime warranty, new deck/stairs, aluminum wrapping of soffits & trim, new gutters, several new HVAC units, interior renovations as needed. At time of listing, 6/8 units are rented and 2 vacancies are ready for occupancy. Professional management in place. Cap rate is 9.25%, NOI is over $20,000/yr. There is a pro-forma attached in this listing or available upon request. Sorry no owner financing available. Agent is owner, listed by Re/Max Realty Consultants.
This fully rented apartment building includes 16 two-bedroom units within the Plantation Place apartment community. The complex includes on-site management, as well as a pool and athletic field. The 2013 NOI was $40,705. This property is a solid earner with many repairs and improvements completed in the last three years and a strong tenant base. The professional on-site management make this a hands-off income-generating investment with above-market returns.
This is a stellar performing investment property located in a desirable Kernersville submarket. There are low maintenance needs and great upside potential in rents as the surrounding area continues to mature and improve.
BRING AN OFFER! PRICE REDUCED! Two apartment complexes in east High Point. Both properties are on the same street and total 47 units altogether. 28 of the apartments are 2 bedroom 1 bath townhome style with separately metered electricity, water, and gas. These all have newer roofs, plumbing, electrical, windows, water heaters, etc. The remaining 19 units are single story 2 bedroom 1 bath apartments with separately metered water, electricity, and gas. Trash removal is included in property taxes. Expenses are very low. Rents are below market, leaving a new owner with plenty of upside potential. Tenants are responsible for bringing in their own appliances and A/C. The 28 unit and 19 unit complexes can be purchased together or separately. 100% occupied as of Jan 2015.
LIHTC Property Olde North Village contains 48 properties in 6 buildings originally build it 1983. There are 24 two-bedroom units and 24 three-bedroom units. Half of each of those also have fireplaces. There is also one main building housing the leasing & maintenance office as well as the laundry room. This is a LIHTC approved property and does currently have section 8 tenants. The property would be suitable currently for a reapplication of fees under the LIHTC program.
$300,000Size Upon Req.
Well maintained 12 space mobile home park. There are 11 park-owned homes and one lot rental. Expenses are extremely low. Tenants have their own water and electric meters. Homes average $415/mo in rent. The one lot rental is $200/mo. There is a mix of two and three bedroom homes. One new commercial septic tank installed within last few years. All septic systems are in good, working order and have been inspected by the county. There are two homes per septic. There is also a large drain field on the property.
Recently renovated 6 unit apartment building with no needed capital repairs. Within the last 6 years it has had all new water heaters, roof, flooring, etc. Downstairs units all have ceramic tile. Great deal at a 10% cap rate based on actual numbers. This is a great first time investment or addition to a growing portfolio. Only one vacant at time of listing.