315/ 317/420/421/425 McIver & 701A&B/703/705/707 Italy Street
Fayetteville, NC 28301
#LP748351
Description
5 Sgl Family Homes; 3 Duplexes; 1 TriPlex; 1 Quadplex: 10 Buildings/18 Units-All identical units, 2BR 1BATH. 1600 sq. ft. duplexes, 2400 sq. ft. triplexes, 3200 sq. ft. quadplexes. All built between 1997-2008.-3 BR 1 BATH houses built between 1997-2004. All built on slabs with either vinyl or cement siding, one story.-Self management from inception.-Current Gross Revenue $180,000/yr. 100% occupied. ***Rent increase to be implemented 12/25 which will boost Revenue to $212,400 for 2026.-2024 Taxes, Insurance, Repairs, Lawn Care $32,500.-No Rehabs, no vacancies as of 7/25-Some Tenants have been there over 15 years.-All trash picked up by the city.-Electric, water, & sewer (PWC) paid by Tenants.-All 1 year leases then Month to Month after.
Property Details
- Utility FeaturesNatural Gas Not Available
- Property SubtypeResidential Income
- Property TypeMulti-Family
- CountyCumberland
- MLS #LP748351
- MLS #LP748351
- Cost2100000
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: DAVID HELMS (#LPhelmdx)
Listing Office: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE (#LP1090)
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