1821 Spencer Avenue

******** Bedrooms ******** Square Feet


This freshly updated investment opportunity contains 5 units and are 100 percent occupied. Current NOI over 45k with a pro forma over 50k. Still potential for value add but turnkey enough to do nothing but cashflow. The current area is growing quickly. Reach out for additional financial information and questions. Sqft and zoning are for Buyer and Buyer agent to confirm. Property consist of 2, 2 bedroom 1 bath units and 3, 1 bedroom 1 bath units. This is currently being sold at a 7.5 + cap. With a rent increase and taking off a couple of expenses this could be higher very easily.

    Association Amenities

  • No Amenities
  • Cooling

  • Central Air
  • Parking

  • Additional Parking

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Price: $475,000.00
MLS ID 100376473
Location New Bern, NC 28560
Acreage 0.17
Year Built 1940
Neighborhood Ghent

Cathy Gainey

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Broker | REALTOR®

Contact Info

Atlantic Beach Sales Office
407 Atlantic Beach Causeway Suite 6F
Atlantic Beach, NC 28512
(877) 281-4759

Office: (252) 726-3105
Cell: (252) 725-0996

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Property listed by Keller Williams Realty

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