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1103 N Elm Street

Lumberton, NC 28358
  • $1,395,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 717608
UPDATED: 19 min ago
$1,395,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Longleaf Pine Realtors logo Courtesy of COLDWELL BANKER PREMIER TEAM REALTY: 910-738-3441.

Description

It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 hours notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: New duct works under home New disposal in kitchen New paint in several rooms New HVAC in the cottage New drain lines for the cottage Extensive landscaping and driveway improvements; 307 W 18th St: Complete remodel of a main suite addition of Complete bath and walk-in closet New floors throughout New paint and wallpaper throughout New drive-through and parking lot in back of house New siding paint on the back of the home. Upgrades to all bathrooms; 840 Jane Street: New landscaping in front of the house.

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Longleaf Pine Realtors logo © 2024 Fayetteville Regional Association of Realtors Multiple Listing Service. All Rights Reserved. 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 deemed reliable but not guaranteed. Properties marked with the IDX icon are provided courtesy of the Fayetteville Regional Association of Realtors, Inc., Internet Data Exchange (IDX). Data last updated: 2024-02-22T08:31:25.437.
www.homewithatlas.com/homes/146278857
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1103 N Elm Street Lumberton, NC 28358

  • Price: $1,395,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 19 min ago
  • MLS #: 717608
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Other
County:
Robeson
Area:
Lumberton
Elementary School:
Robeson Co Schools
Middle School:
Robeson Co Schools
High School:
Robeson Co Schools
Property Description
It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 hours notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: New duct works under home New disposal in kitchen New paint in several rooms New HVAC in the cottage New drain lines for the cottage Extensive landscaping and driveway improvements; 307 W 18th St: Complete remodel of a main suite addition of Complete bath and walk-in closet New floors throughout New paint and wallpaper throughout New drive-through and parking lot in back of house New siding paint on the back of the home. Upgrades to all bathrooms; 840 Jane Street: New landscaping in front of the house.
Exterior Features

Covered Spaces 0

Property Features

Architectural Style Other Lease Considered YN No Listing Terms Cash Conventional Item1031 Exchange Possession Close Of Escrow Property Sub Type Other Sewer Public Sewer Special Listing Conditions Standard Water Source Public

Longleaf Pine Realtors logo


Longleaf Pine Realtors logo © 2024 Fayetteville Regional Association of Realtors Multiple Listing Service. All Rights Reserved. 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 deemed reliable but not guaranteed. Properties marked with the IDX icon are provided courtesy of the Fayetteville Regional Association of Realtors, Inc., Internet Data Exchange (IDX). Data last updated: 2024-02-22T08:31:25.437.
 
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Atlas Real Estate Partners
214 Fairway Drive
Fayetteville NC, 28305
Longleaf Pine Realtors logo Courtesy of COLDWELL BANKER PREMIER TEAM REALTY: 910-738-3441.