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: |
2/2/2021 |
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 |
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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