Courtesy: COLDWELL BANKER PREMIER TEAM REALTY
910-738-3441
***Seller is NOT entertaining "Subject To" financing offers.*** This is a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Furnished units are used as short-term and long-term rentals. Net Operating Income of $151,000 per year offers investors a CAP rate of 10%. Properties are shown by appointment only, with 72 hours' notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: •New duct works under home •New disposal in kitchen •New paint in several rooms •New HVAC in the cottage •New drain lines for the cottage •Extensive landscaping and driveway improvements; 307 W 18th St: •Complete remodel of a main suite •addition of Complete bath and walk-in closet •New floors throughout •New paint and wallpaper throughout •New drive-through and parking lot in back of house •New siding •paint on the back of the home. •Upgrades to all bathrooms; 840 Jane Street: •New landscaping in front of the house. Seller provided the Annual Property Operating Data sheet available. FOUR PROPERTIES ARE BEING SOLD TOGETHER: All addresses are Lumberton, NC 28358...1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, 307 W 18th St. Full photos avalable at: https://tinyurl.com/28358dz
Lumberton is located in North Carolina. Lumberton, North Carolina has a population of 19,186. Lumberton is more family-centric than the surrounding county with 23.72% of the households containing married families with children. The county average for households married with children is 22.96%.
The median household income in Lumberton, North Carolina is $38,514. The median household income for the surrounding county is $36,736 compared to the national median of $69,021. The median age of people living in Lumberton is 35.9 years.
The average high temperature in July is 90.5 degrees, with an average low temperature in January of 32.1 degrees. The average rainfall is approximately 46.5 inches per year, with 0.9 inches of snow per year.
