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1314 Franklin Avenue

High Point, NC 27260
  • $275,000
  • STATUS: Active
  • ON SITE: 375 Days
  • MLS #: 1108096
$275,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 0 - 0
    SQFT
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Description

This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! $5000 towards closing costs with full price cash offers.

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Listing information © 2024 Triad MLS, Inc. of North Carolina. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Team Nicholson at Keller Williams Realty Elite are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers.IDX information provided is 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. Data last updated 2024-06-16T23:30:55.563.
www.teamnicholsonrealty.com/homes/140365694
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1314 Franklin Avenue High Point, NC 27260

  • Price: $275,000
  • Status: Active
  • On Site: 375 Days
  • MLS #: 1108096
0
Beds
0
Baths
0
½ Baths
N/A
Acres
0 - 0
SQFT
1922
Built
County:
Guilford
Area:
Guilford
Property Description
This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! $5000 towards closing costs with full price cash offers.
Exterior Features

Lot Dimensions 12632 Parking DrivewayEnclosedGravelLighted

Interior Features

Appliances Electric Water Heater Cooling Central Air Heating Forced AirElectric

Property Features

Association YN No Heating Fuel Electric Pool Features None Pool YN No Property Sub Type Rooming House Sewer Public Sewer Special Listing Conditions Owner Sale Water Heater Electric Water Source Public

Listing information © 2024 Triad MLS, Inc. All rights reserved. Listing provided courtesy of Versatile Real Estate Group: . Information deemed reliable but not guaranteed.


Listing information © 2024 Triad MLS, Inc. of North Carolina. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Team Nicholson at Keller Williams Realty Elite are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers.IDX information provided is 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. Data last updated 2024-06-16T23:30:55.563.
 
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Team Nicholson at Keller Williams Realty Elite
280 Charlois Blvd., Ste. 100
Winston Salem NC, 27103