Off Market Duplex | Hot Area of Charlotte NC $3600/mo cash flow

[Michael DeFrancisis]

This duplex is located in the Myers Park, which is hands down the hottest area of Charlotte NC.  Current market value for this property is $600,000 - $625,000.

This property is a great opportunity:

1. Myers Park offers the top school district in Charlotte, along with it's close location to the downtown area, and abundant shopping & entertainment nearby.  
2. Properties in this area are mostly single family homes, selling in the $600,000 -  $1,000,000 range.
3. This duplex has been totally renovated (roof, paint, floors, bathrooms, kitchen, etc.).  
4. This duplex is right next to public transportation as well (bus stop).

This area of Charlotte will only attract professional, high quality tenants, and with the demand for this area will drastically lower your risk of vacancy.

Purchasing Options:

Option 1: $515,000 cash purchase (plus closing costs...approx. $3K)

Option 2: Owner Financing

$250,000 down payment, $250,000 financed at 6% for 15 years (no balloon).  Payments of $2,110 per month.

I have 77 pictures, which is too many to post in this thread, so you can view the pictures at my website: 

http://www.queencityhomebuyers.com/property/3101_s...

Please contact me for more information!  This is a wholesale deal, no realtor fees involved.  Seller is interested in closing before the end of the year, if possible.

Thanks!

Mike

724-822-9579

[email protected]