1994 MASSACHUSETTS AVENUE,ENGLEWOOD,Charlotte,Residential Income

Descripción

This income producing property includes 4 structures. 2 duplexes, all 1 bed, 1 bath. 1 single family cottage with 2 beds, 1 bath. 1 Triplex with a 1 bed, 1 bath unit and 2 efficiencies. The two duplexes are renting for $1075 to $1195/month and tenant pays the water, sewer, electric and cable. The single-family cottage is rented for $1495/month and tenant pays electric & cable, water & sewer. The triplex 2 efficiencies rent for $1000 & $1300/month, the 1 bed/1 bath unit pays $1300/month and owner pays water, sewer & electric (no cable). There is a separate laundry facility with a washer & dryer on the premise. Owner has a storage shed onsite for tools, lawn mower, etc. Property generates $9640.00/month Cap rate is 7.1 City water & sewer, no assessments. Property is right up the street from the Intercoastal.