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Archived over 5 years ago

$85,000

4 bd 3 ba 0 sqft

1500 w 4th street , greenvillle , NC 27834

Residential Triplex Occupied Needs Repairs Off MLS

Current Rent **

$1,200

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $350
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $350
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $500
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: Yes
  • Off MLS: Yes

**PERFECT BRRRR TRIPLEX FOR SALE** $85K OBO **

PRICE REDUCED- Bank Just Appraised Property at $118K (Dec 2019)

3 Blocks away from East Carolina University Brody School of Medicine Greenville, NC

CASH BUYERS ONLY

(2) 1 Bed 1 Bath (1) 2 Bed 1 Bath

New paint and flooring

Current Rents $350; $350; $500 = 1200/month ($14,400 yearly)

Potential Rents $500; $500; $750 = 1750/Month ($21,000yr)

Estimated Repairs to reach rent potential $5k Per door (high estimate)

Current Tenants Month to Month- all pay on time

Separate meters for water and electrical

Serious inquires ONLY.

Opportunity zone Taxes $675/Year

Insurance $1050/year

Total yearly Expenses $1725

Total potential yearly profit: $19,250

Location:

1500 w 4th street , greenvillle , NC 27834

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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.