Message Number375169
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.

Due to the most recent light rail transit connections between Mecklenburg (Charlotte) and Rowan Counties, the continuous rise in home prices and taxes in the Charlotte area and along with other factors that add to the growth, Rowan County is becoming the next upcoming city in North Carolina.

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