Description
This apartment complex is ideally located close to the Leaksville section of Eden that is undergoing a revitalization with several new boutiques and restaurants that are already open for business. In addition shopping, medical facilities are close by. The complex consists of (4) 2 bedroom units that have been completely renovated and (4) 1 bedroom units that need updating but two of which are currently rented. With these (4) units updated the monthly rental amount could increase cash flow to around $700 per month each. Depending on the buyers financial arrangements a cap rate greater than 3-4% is very achievable.
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0BEDS
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0.68ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This apartment complex is ideally located close to the Leaksville section of Eden that is undergoing a revitalization with several new boutiques and restaurants that are already open for business. In addition shopping, medical facilities are close by. The complex consists of (4) 2 bedroom units that have been completely renovated and (4) 1 bedroom units that need updating but two of which are currently rented. With these (4) units updated the monthly rental amount could increase cash flow to around $700 per month each. Depending on the buyers financial arrangements a cap rate greater than 3-4% is very achievable.
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Listing information © 2023 Triad MLS, Inc. All rights reserved. Listing provided courtesy of Coldwell Banker Advantage: [IDXCONTACTINFORMATION]. Information deemed reliable but not guaranteed.