1821 Spencer Avenue
Description
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.
- No Amenities
- Central Air
- Additional Parking
Association Amenities
Cooling
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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Contact Info
Atlantic Beach Sales Office407 Atlantic Beach Causeway Suite 6F
Atlantic Beach, NC 28512
(877) 281-4759
Office: (252) 726-3105
Cell: (252) 725-0996
Contact Agent - Real Estate Listing
Schedule a Showing - Real Estate
Property listed by Keller Williams Realty
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