$1,500,000

1103 N Elm Street, Lumberton, NC 28358

  • Property Icon other
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

***Seller is NOT entertaining "Subject To" financing offers.*** This is a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Furnished units are used as short-term and long-term rentals. Net Operating Income of $151,000 per year offers investors a CAP rate of 10%. Properties 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. Seller provided the Annual Property Operating Data sheet available. FOUR PROPERTIES ARE BEING SOLD TOGETHER: All addresses are Lumberton, NC 28358...1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, 307 W 18th St. Full photos avalable at: https://tinyurl.com/28358dz

Listing Status:
Active
Listing Office:
COLDWELL BANKER PREMIER TEAM REALTY : 910-738-3441
Listing Agent:
DAVID ZEITZ : 910-536-4663
MLS ID:
753726
  • Originating MLS: FAY_FAYNC
  • County: Robeson
  • Zoning: LT ELM STREET3227-05-013
  • Current Use: ResidentialSingle Family
  • Water: Public
  • Sewer: Public Sewer
  • Source: FAY_FAYNC
  • Ownership: More than a year

This listing courtesy of DAVID ZEITZ, COLDWELL BANKER PREMIER TEAM REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rowland Norment Elementary School

701 Godwin Ave, Lumberton, NC, 28358

Grades PK-3

0.73 miles away

L

Lumberton Junior

82 Marion Rd, Lumberton, NC, 28358

Grades 6-8

1.90 miles away

L

Lumberton Senior High School

3901 Fayetteville Rd, Lumberton, NC, 28358

Grades 9-12

1.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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