6 Unit Residential Rental Investment Package $74,200/Unit 10.5 CAP

Multi-Family for Sale
Catylist Listing ID: 30073274
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 6 Units
Building Size (RSF): 6,700 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 - 0.66 Acres
Sale Price: $445,200
Unit Price: $74,200 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: 10.5%
Average Occupancy Rate: 100
Last Updated: 1/22/2018

Overview / Comments

Great investment opportunity to purchase this group of residential rental properties yielding over an 10.5% Cap Rate.

Properties include two duplexes and two single family residences. All are leased with tenants who would like to continue, some tenants have been leasing for over six years.

Property List:
-3706/3708 Prices Ln, +/-2,400sf duplex, 3 beds, 2.5 baths each side
-Newer HVAC and water heaters
-3712/3714 Prices Ln, +/-2,273sf duplex, 3 beds, 2 baths each side
-Newer HVAC and water heaters
-1410 Wooster St, +/-750sf SFR, 2 beds, 1 bath
-221 N 31st St, +/-1,200sf SFR, 3 beds, 1 bath
-New roof October 2017

Please do not disturb the tenants, contact listing agent to make showing arrangements

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04909007012000, R04909007011000, R05410026015000, R04913018038000
Zoning: R-5,
Percent Occupied: 100%
Property Located Between: Cape Fear River and Kerr Ave
Airports: ILM
Total Number of Buildings: 4
Property Condition: Fair
Roof Type: Gable
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Package Unit, Other
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,409 73,502 126,685
Median Age: 27.7 34.13 36.24
Households: 6,013 31,961 54,265


Photograph of Listing Agent

Eric Knight

Nest Realty NCCMLS Member
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