204 Merritt Avenue

Salisbury, NC 28144
$462,525
active

3
bed
1
full bath
987
total sqft

Property Description

AMAZING opportunity for immediate cash flow in this investment portfolio. Total of 27 single family homes can be purchased in full portfolio of sold in groups of 5-6 homes. Group 5 represented here. Other MLS #s are: 3433780, 3433624, 3433768 and 3433771. Properties are rented, have a history of steady tenants, and have been renovated, rehabbed & maintained for lower maintenance costs and good rent rates. List price is for 5 single family home listed as units with details below. Sold in "as is, where is" condition. Inspections available upon request. Tenant occupied. No showings until contract acceptance. See size and rent rates in pictures & flyer on full portfolio in pictures and attachments. List Property is 987 sq ft and rents for $815. 1st Unit is 3675 E Ridge Rd Salisbury, NC. 2nd Unit is 506 Carolina Blvd Salisbury, NC. 3rd Unit is 308 Heilig Ave Salisbury, NC. 4th Unit is 412 Elm St Salisbury, NC. Disclosures for all properties are in attachments.

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Property Facts

List Price
$462,525
Status
active
Beds
3
Full Bathrooms
1
Property Type
Other
MLS Number
3433775
Number of Units
5
New Construction
No

Unit Features

Other

Location

State
NC
City
Salisbury
Zip
28144
County
Rowan
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified

Interior

Exterior

Additional Details

Presented By

704. 724. 0878
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Salisbury

Salisbury is a city in Rowan County on Interstate 85, just north of the halfway point between Charlotte and Greensboro.  Salisbury is home to famed North Carolina soft drink, Cheerwine, and the one-time grocery store powerhouse, Food Lion. Salisbury is the birthplace of former US Senator Elizabeth Dole and current NBA player Bobby Jackson. Salisbury is the site of a noted prisoner of war camp during the American Civil War and has a large historic home district with many large mansions...
Community Details

Salisbury Market Activity

Market Activity - November 2018

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Listing Office: Helen Adams Realty
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