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1103 N Elm St, Lumberton, NC, 28358

--beds
0baths
--sqft
$1,500,000
--price/sqft
$10,200/moest. monthly cost
$408,000/yrincome needed

About This Home

***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 $143,000 per year. 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

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

4/10
Tanglewood ElementaryGrades PK-31.0 mi
3/10
Lumberton Junior HighGrades 6-81.9 mi
4/10
Lumberton Senior HighGrades 9-121.6 mi

Construction

Condition

  • Property condition: Good Condition

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Property

Details

  • Parcel number: 322705013
  • Special condition: None