Burgaw, NC Duplex

Multi-Family for Sale
Catylist Listing ID: 30704218
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,560 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $250,000
Unit Price: $125,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 98
Last Updated: 6/13/2021

Overview / Comments

Great Duplex located off HWY 117 in St. Helena, NC. Close to Hospital, Wal-mart, Food Lion, Walgreens, and all that Downtown Burgaw, NC has to offer.

Currently, 100% tenant occupied with potential upside as one of the tenants has been there for many years and is due for a rent increase. One unit has been updated. New Vinyl siding, metal roof, and gravel driveway in 2020.

Financials

Finance Data Year 2021
Gross Operating Income $20,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Wilmington
County: Pender
Tax ID/APN: 3227-99-8648-0000
Zoning: R-20
Percent Occupied: 100%
Property Condition: Good
Year Built: 1988
Year Renovated: 2020
Construction/Siding: Vinyl Siding
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Ceiling Units, Heat Pump
Zoning Description: R-20
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,869 10,926
Median Age: 38.6 38.57
Households: 1,836 3,924
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