Archived over 6 years ago

$214,000

2.0 rooms 1 ba 800 sqft

466 Spring Street NW, Concord, NC 28025

Multiple Occupied Off MLS

Current Rent **

$2,800

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Michael DeFrancisis

Wholesaler

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8.5% Cap Rate: 4 Turn-key Units (3 Properties) With Huge Cash Flow

I am selling 3 properties (all right next to each other on the same street) as a package deal for $214,050. All properties are located in Concord, NC, about 30 minutes from downtown Charlotte, NC.

2 single family homes, and 1 duplex, all on individual parcels. The current total monthly rent is $2000/mo, however market rent for these properties is $2800/mo. 3 of the units are on month to month leases, so that can be brought up to market rent very quickly, and the other's lease expires on 6/28/19.

They already managed by a property management company, so they are turn-key.

We need to close by March 12. Cash only. Proof of funds required in order to lock this up.

We have a few offers on the table, and want to have this package deal assigned by Feb. 16th.

Use the URL's below to take you to see pictures & details about each property:

1. https://www.charlottehomeinvesting.com/property/466springstreet/
2. https://www.charlottehomeinvesting.com/property/450springstreet/
3. https://www.charlottehomeinvesting.com/property/458springstreet/

Reach out to me on BP or call me directly (or text so I know it's not a spam call) - 724-822-9579

Thanks,
Mike

Location:

466 Spring Street NW, Concord, NC 28025

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.

8.5% Cap Rate: 4 Turn-key Units (3 Properties) With Huge Cash Flow

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