Six Unit Townhome Rental Investment Sale - Calabash NC

Multi-Family for Sale
Catylist Listing ID: 30772113
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Other
Number of Units: 6 Units
Building Size (RSF): 3,927 SF
Gross Building Area: 7,854 SF
Gross Land Area: 0.71 Acres
Sale Price: $875,000
Unit Price: $145,833.33 Per Unit
Property Use Type: Investment
Building Name: A/B
Usable Size (USF): 3,927 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2022

Overview / Comments

Bella Croft Town homes are located in the coastal town of Calabash North Carolina. These six units are all currently rented. There are several Month to Month tenants and a Long term Renter in place, to be clear the leases that are month to month have all been tenants for longer than a year, the lease's just year to date, haven't been renewed at this time. The tenants do want to remain in place. That means there is upside potential to increase a rental rate to market rentals.

About the Property:

Building A - 3692 Sf +/-
A-1 is 1080 sf +/- 3bd/2ba
A-2 is 1462 sf +/- 2bd/2ba
A-3 is 1148 sf +/- 2bd/2ba

Building B - 3927 Sf +/-
B-1 is 1148 sf +/- 2bd/2ba
B-2 is 1631 sf +/- 3bd/2.5ba
B-3 is 1148 sf +/- 2bd/2ba

Projected NOI is $44,765.00

This property offers opportunities for long term stable rental income or flexibility for an investor to convert to Air BnB, raise rental rates or maintain the current cashflow.

This location is situated 10 minutes north of Little River SC and 45 minutes North of Myrtle Beach. Sunset Beach is 10 minutes to the East.

Located near The Pearl Golf Course and The Thistle Golf Course two award winning courses. Its proximity to employment as well as enjoyment makes these units in a prime and desirable area for the current tenants or new tenants

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 2410001506
Zoning: HC
Percent Occupied: 100%
Property Located Between: Old George Town Road and Sunset Beach
Highway Access: Direct
Airports: Myrtle Beach
Site Description: Six Townhomes on .71 acres
Area Description: Calabash NC
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Parking Type: Surface
Parking Description: Open parking Field for Residents and Guests
Heat Type: Electricity
Heat Source: Heat Pump
Easements Description: Two separate parcels rear parcel has a access easement to the property.

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,770 24,444
Median Age: 60.64 56.67
Households: 6,320 11,731
© Copyright 2001-2020 Catylist. All Rights Reserved. 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.