Message Number375168
statusActive
Subject LineProfitable Portfolio of 25 Single Family Homes in PRIME North Carolina Location $2,375,000, management available.
Business area
U.S.A.
SouthEast (AL GA FL NC SC VA)
North Carolina
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Residential estates, single family homes, condos, cottages, vacation homes
Date of ListingMarch 23 2019
Type DescriptionProfitable Portfolio of 25 Homes PRIME Locations in NC, USA
LocationNorth Carolina
Price$2,375,000.00
Cap RateGross Cap Rate 11%
Comments 25 RENTAL PROPERTIES - CAN BE SOLD AS FULL PORTFOLIO OR SMALLER GROUPS
PER LISTING AGENT THE GROSS CAP RATE IS 11.30% FOR FULL PORTFOLIO, RATE VARIES BY GROUPING
LOW VACANCY RATES FOR FULL PORTFOLIO, HISTORY OF STEADY TENANTS, & INCREASING RENTS
PORTFOLIO CASH FLOWS, ADD INCOME
OWNER HAS REHABBED, RENOVATED, OR BROUGHT UP TO GOOD RENTAL STANDARDS OVER LAST 3-5 YEARS
ANNUAL RENT FOR ENTIRE PORTFOLIO: $268,440
PORTFOLIO PRICE FOR ALL 25 PROPERTIES: $2,375,000.

Rents range from $700 - $1595 per month and purchase prices of homes are $75k - $195K each - so a segment of the market that has all but disappeared.

I am not representing the owner of this portfolio. I am looking to represent an interested buyer. Therefore, if you're interested I will act at the capacity of your exclusive buyer's agent. Will co-broke with outside agent who brings me a buyer. Serious inquiries only please.
Internet Links

All about Salisbury NC

Rowan County Info

Client DetailsActive Investor
ControlBuyers Broker
NameBelinda Agosto
TitleBROKER/INVESTOR
Company NameFathom Realty LLC
Address Line One6000 Fairview Rd, Ste 1200
CityCharlotte
State/ProvinceNorth Carolina
Zip/Postal Code28210
CountryUnited States
Business Phone Number(980)267-2305
Cell Number(980)267-2305
Email AddressSend Email