Greenville, NC-West Greenville Package Deal (8 Properties)! Available

  • $315000
  • See Description baths

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We have a package deal of 8 properties located in Greenville, NC (West Greenville Community). This deal consists of 2 properties zoned multi-family and 6 single family residential properties. We are looking to assign this package deal to a moderate to experienced investor that can close quickly!

Owner reports that all units are up to date in regards to electric, gas packs, roofing and plumbing  Rents have not been increased over the years so there is a lot of room to grow monthly rental income.

Properties are in close proximity to each other, one property however is about 4 miles away. Rentals are less than 2 miles from Vidant Medical Center, East Carolina University, Area Transportation Hub Center, shopping, dinning, local parks and walking trails. Investors across the country are investing in this area due to the area developing…I wouldn’t want you to miss out on this opportunity!

Multi-Family: Used as single family (2 Properties):

  • 1214 Davenport St, Greenville NC (Vacant) was used as single family-If configured as a duplex each side would be a 1 bed/1 bath and the entire unit could rent for $980 ($490 each unit)
  • 804 Imperial St, Greenville NC (Occupied, payments not current) Rents for $300 was used as single family-If configured as a duplex each side would be a 1 bed/1 bath and the entire unit could rent for $980 ($490 each unit)

Single Family: (6 Properties)

  • 608 McKinley Ave. Greenville NC-3 bd/2 bth; Occupied; not current; rents for $650 per month
  • 1623 S. Pitt St, Greenville NC-3 bd/1 bth; Occupied; Rents $525 per month
  • 1236 Battle St, Greenville NC-3 bd/1 bth; Occupied; Rents $700 per month
  • 1225 Battle St, Greenville NC-2 bd/1 bth; Occupied; Rents $525 per month
  • 601 Vance St, Greenville NC-2 bd/1 bth; Occupied; Rents $510 per month
  • 303 D Kristin Dr. Greenville NC-2 bd/1 bth; Occupied; Rents $525 per month

Current Rent total: $2,785
Monthly Rent Potential at 100% Occupancy: $4,285 up to $6,400
Annual Rent Potential: $51,420 to $76,800

2020 Annual Property Taxes were: $4,457.72
2021 Annual Insurance estimate: $2500-3,200
Repair estimate: $5,000
Property Management Fee @10%

Cap Rate: 10-17%

-Rents have not been increased, this is a great deal to add value and increase cash flow!
-Market rent for this area is $600-850 per month for a 2-3 bedroom.

*******Owner does not have a rent roll or profit and loss statements however we do have current lease agreements and we have completed a rent log.

Price includes assignment fee: $315,000 

Price:
$315000
Address:
West Greenville
Greenville, North Carolina 27834
Lot Size:
See Description
Bathrooms:
See Description
Terms:
Assignment of Contract
Property Type:
Multi-family

Additional Features

Assigned property may be purchased with cash or hard money. All properties offered are either owned by Level Up REI NC, LLC, or under contract and selling equitable interest and/or offered in conjunction with a business associate. This offer will require $3,000.00 *non-refundable deposit No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. This deal will be non-assignable, and "daisy-chains" and/or marketing is prohibited. *Non-refundable deposit refundable if property has title issues and can not be transferred at closing or if the transaction does not close do to assignor/seller barriers. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: All estimates or information provided are for investors’ convenience, you will need to verify all estimated numbers independently. All information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of the seller or its affiliates based on limited information and should be verified independently for accuracy. Seller and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided.

Call 252-672-2548 for more details

Property Location