602 Council Street

Salisbury, NC 28144
$440,000
active

2
bed
1
full bath
1,370
total sqft

Property Description

BIG OPPORTUNITY - Rents are going up & the list price has gone down = higher CAP Rate for the buyer! Immediate cash flow in this investment portfolio. Total 25 single family homes can be purchased in full portfolio or sold in groups of 4-6 homes. MLS #s are: 3470128, 3470111, 3470121 & 3470125. Properties are rented w/ history of steady tenants. Seller has renovated, rehabbed & maintained for lower maintenance costs & good rent rates. List price = 5 single family home listed as units w/ details below. Sold in "as is, where is" condition. Inspections available upon request. Tenant occupied. No showings until contract acceptance. See size & rent rates in pictures & flyer on full portfolio in pictures & attachments. List Property is 1370 sq ft and rents for $775. 1st Unit is 1015 New St Salisbury, NC. 2nd Unit is 818 N Jackson St Salisbury, NC. 3rd Unit is 202 N Merritt Ave Salisbury, NC. 5th Unit is 912 Fairmont Ave Salisbury, NC. Disclosures for properties are in attachments.

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Property Facts

List Price
$440,000
Status
active
Beds
2
Full Bathrooms
1
Property Type
Other
MLS Number
3470091
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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Listing Office: Helen Adams Realty
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