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$1,395,000
Active
Robeson County, NC

1103 Elm, Lumberton, North Carolina

MLS ID: LP717608
Status: Active
Price: $1,395,000
Type: Residential
Address: 1103 Elm
City, State: Lumberton, NC
County: Robeson County
ZIP Code: 28358
Parcel Number: 322705013
Year Built: 1920

Description

It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 hours notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: •New duct works under home •New disposal in kitchen •New paint in several rooms •New HVAC in the cottage •New drain lines for the cottage •Extensive landscaping and driveway improvements; 307 W 18th St: •Complete remodel of a main suite •addition of Complete bath and walk-in closet •New floors throughout •New paint and wallpaper throughout •New drive-through and parking lot in back of house •New siding •paint on the back of the home. •Upgrades to all bathrooms; 840 Jane Street: •New landscaping in front of the house. lot in back of house •New siding •paint on the back of the home. •Upgrades to all bathrooms; 840 Jane Street: •New landscaping in front of the house.

Additional Information

Exterior

Water Source: Public

Financial/HOA/Schools

Days On Market: 52
Doug Moore

Doug Moore

Lillington, North Carolina

(919) 291-6390

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Listed By: David Zeitz of Coldwell Banker Premier Team Realty - (910) 536-4663