Description
A great opportunity to build passive income with a cap rate of 6.3%! There is an opportunity for expansion as the lot size is 0.92 acres. The property is currently 100% leased with rents below market value, yet still producing a positive cash flow. Constructed in 1983, the property consists of 2 units with 770 sq. ft. The long-term tenants are on a month to month lease. Unit A is rented for $500.00 and Unit B is rented for $550.00 per month. The duplex is self-managed by the Owner. Each floor plan includes a living room, kitchen, bedrooms, bathroom, laundry room, and outside storage room. The metal roof was installed 5 years ago. The septic tank was pumped one year ago for regular maintenance. The Owner has additional multi-family properties available for a package deal.
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0BEDS
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0.92ACRES
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0BATHS
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01/2 BATHS
School Information
Description
A great opportunity to build passive income with a cap rate of 6.3%! There is an opportunity for expansion as the lot size is 0.92 acres. The property is currently 100% leased with rents below market value, yet still producing a positive cash flow. Constructed in 1983, the property consists of 2 units with 770 sq. ft. The long-term tenants are on a month to month lease. Unit A is rented for $500.00 and Unit B is rented for $550.00 per month. The duplex is self-managed by the Owner. Each floor plan includes a living room, kitchen, bedrooms, bathroom, laundry room, and outside storage room. The metal roof was installed 5 years ago. The septic tank was pumped one year ago for regular maintenance. The Owner has additional multi-family properties available for a package deal.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.