New Bern, NC-Duplex and more…CASH FLOW $1,600 MONTHLY; CAP RATE 21.5% Available

  • $Make An Offer!
  • 4 beds
  • 2 baths
  • 1472 sqft
Outside Duplex
Inside Side 1 of Duplex
Duplex side 2

 

Mobile home fixerupper

CASH FLOW…CASH FLOW…CASH FLOW $1,600 PER MONTH!!!

This deals includes a multi-family property and manufactured home on 5.82 acres.

RENT ROLL (Click Here)

Duplex-Both sides rent for $400 per month each ($800)

Manufactured home double wide 3bd/2bth rents for $800 per month (HUD Program)-

Update 10/29/2019: mobile home needs new floor and floor covering, yard needs weed management, Plumbing and electrical need inspection. Underneath the trailer needs weed management and inspection. Pest control/maintenance. Mobile home tenant would like to remain in the mobile home if repairs are made. 

100% Occupancy-Mobile home has had the same tenant for greater than 5yrs. Duplex side(1) has had tenants for greater than 5yrs. Duplex side (2) tenants have been in the home for less than 6 months.

CAP RATE: 21.5%

 Net Income and Operating Expense:

Income:  Unit 1: $400, Unit 2: $400, Unit 3: $800

Total Income: $1,600.00 Monthly/$19,200.00 Yearly

Yearly Taxes: $847.69/$70.64 per month

Monthly Maintenance @10%= $160 per month

Management Fee @10%= $160 per month

Insurance @$1,200 per year/$100 per month could be less if you shop around

Deal Break Down

Total Monthly Expense: $490.64/Total Yearly Expense: $5,887.68

______________________________________________________

Total Monthly Income: $1,600.00

Total Yearly Gross Income: $19,200.00

Projected Net Income: $13,312.32

CAP RATE: 21.5%

 

Price:
$Make An Offer!
Address:
New Bern, North Carolina 28562
Square Feet:
1472
Lot Size:
5.82 Acres
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1980
Const. Type:
MASONRY BLOCK

Additional Features

Disclaimer: Please perform your own due diligence. Property for sale is being sold as-is and buyer is responsible for all title and closing cost. 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. All offers require a $1,000.00 *non-refundable deposit and 14 day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. This deal will be nonassignable, 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.

Call 252-349-0708 for more details