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Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
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Home For Sale North Carolina Newton 1988
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Multiplex For Sale By Owner

Rental Duplex for Sale - Fully Rented; Price Reduced




619 & 621 St. James Church Road , Newton, North Carolina 28658 United States
Description

(4) Investment Duplexes for Sale

May be bought individually! - $114,000 per duplex.

Addresses:

619/621 St. James Church Road

625/627 St. James Church Road

629/631 St. James Church Road

635/637 St. James Church Road

All - Newton, North Carolina, 28658

All in a row - easy to maintain, mow, etc.

Stickbuilt, quality construction, vinyl exterior.



Each duplex is on an individual parcel of land, each of approximately .44 acres.

Beautiful, quiet setting with a wooded area directly behind units.



(4) Duplexes = (8) total rental units



Each rental unit is a 2 bedroom, 1 bath unit featuring:

1. Range, refrigerator, dishwasher, washer/dryer hook-up (one unit does not have a dishwasher).

2. Central air/heat

3. Tilt-in windows

4. Separate meters (tenants pay all utilities); Exception, is sump pump electric bill on units 619/621. Approximately $22/month or $11/month per unit.

5. 900 Sq. ft, with lots of closet space

6. Rear wood decks

7. Off street parking - 2 to 3 spaces per unit

8. Built on crawlspace



All units have been very well maintained, and show well for rental appointments.

(7) out of (8) rental units are rented for $525/month, with deposits ranging from $300-$500.

(1) unit is rented for $500/month, with a $300 deposit.

Leases are for one year, then changing to month-to-month.

All units are rented as of date ad updated.



These units were bought as income property, for the tax benefits.

They have served that purpose well, but in 2008, owner was diagnosed with cancer.

While treatments have been successful, owner lacks the energy to manage these units.

Price: $114,000
Property Sub-Type: Multiplex
Total Lot Size : 0.44 Acres
Year Built : 2001
Listing ID: 1988

Map of: 619 & 621 St. James Church Road , Newton, North Carolina 28658 United States

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