*** ********* ***, ********, NC
12.73% return
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Property Description


Fully occupied quad in eastern North Carolina!  Solid brick construciton. Fairly new roof. Long term tenants. Each unit rents at $500, but can be raised to $575-625. New windows, central heat and air, seperate electric, water, and gas meters. Low expenses and easy to manage. Only 60 miles west of the beach! 

Property management and financing available!

Property Information

  • Listing statusActiveC
  • Property typeMulti Family
  • Total units4
  • Total bedrooms8
  • Total bathrooms4
  • Building size3600 sq. ft.
  • Lot size0.3 acres
  • Year built1951
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral Heat
  • CoolingCentral air

Property Financial Summary

  • Sale price $179,000
  • Estimated rehab 1 $0
  • Total investment $179,000
  • Type Proforma
  • Gross income (annually) $27,600
  • Operating expenses (annually) $4,806
  • Net income (annually) $22,794
  • Gross return 15.42%
  • Gross income (monthly) $2,300
  • Operating expenses (monthly) $401
  • Net income (monthly) $1,900
  • Net return 12.73%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $575/month $6,900/year
  • Unit 2: 2 bed / 1 bath $575/month $6,900/year
  • Unit 3: 2 bed / 1 bath $575/month $6,900/year
  • Unit 4: 2 bed / 1 bath $575/month $6,900/year
  • Total $2,300/month $27,600/year
  • Expenses
  • Maintenance reserve $167/month $2,000/year
  • Insurance (estimated) $83/month $1,000/year
  • Property Taxes $91/month $1,086/year
  • Lawn care $60/month $720/year
  • Total $401/month $4,806/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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