Bought with ERA STROTHER REAL ESTATE
$192,000
$220,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 04/20/2020
Key Details
Sold Price $192,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Creeks Edge
MLS Listing ID LP625752
Sold Date 04/20/20
HOA Fees $140/mo
HOA Y/N Yes
Originating Board Triangle MLS
Year Built 1985
Lot Size 0.270 Acres
Acres 0.27
Property Description
Looking for a Turnkey, Day-1 income producing property, then look no further. This Quad is 100% Occupied and each unit has 2BR/1.5BA. Three (3) units are rented for $650 and One (1) unit is rented for $625. At the current Listing Price, the property is being offered at a 10% Pro Forma Cap Rate. Each unit is individually metered, and tenants pay their own electric and water. There’s a monthly Homeowners Association Fee of $35.00 per unit paid for by the owner. There is a Professional Property Management Company in place.
Location
State NC
County Cumberland
Community Street Lights
Zoning SF6 - Single Fa
Direction Take Raeford Road West and turn left onto Bingham Drive. Turn Left on McDougal Drive. Take 2nd left onto Aftonshire Drive and then 2nd right onto Tangora Lane.
Interior
Interior Features Ceiling Fan(s)
Heating Heat Pump
Cooling Central Air, Electric
Flooring Carpet, Hardwood, Vinyl, Tile
Laundry Inside, Main Level
Exterior
Community Features Street Lights
Utilities Available Natural Gas Not Available
Street Surface Paved
Porch Deck
Private Pool No
Building
Faces Take Raeford Road West and turn left onto Bingham Drive. Turn Left on McDougal Drive. Take 2nd left onto Aftonshire Drive and then 2nd right onto Tangora Lane.
Structure Type Fiber Cement
Others
Tax ID 0406773559
Special Listing Condition Standard
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