1116 Phillips St - Apartments FOR SALE


Clinton, NC 28328
$400,000 USD
910-990-5466
1116 Phillips St, Clinton, NC for Sale
$400,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1116 Phillips St
Clinton, NC 28328


HIGHLIGHTS

  • Lots of potential with this property.

OVERVIEW

Four (4) Parcels with 2.96 +- Acres of Land with 14 Single Family Houses. Range of 500 - 600 +- sq. ft. in each house built in 1950 +- and used as rental property. Each house has 2 bedrooms and 1 bath LR and Kitchen Combo. All measurements are approximate. Each may vary some. Houses are in fair to poor condition. Some have Central HVAC some don't. Some need to be remodeled / rebuilt. 6 houses are currently rented for $400. per month.1 house for $325. Lots of potential with this property for someone looking to invest in residential rental property who does not mind doing some reconstruction / remodeling. Call for more information and or a showing of the property. Parcel No. 15114742701, 15114742703, 15114742702, 15114742704. Addresses are 1116,1118,1120,1122,1124,1126,1128,1130,1134,1136,1129,1131,1135,1137 Phillips Street. This property also has room to possibly build more houses if desired. Property and houses are being sold in ''AS IS'' physical condition. Legal: Deed Vol 833 Page 382 and Deed Vol 589 Page 97. Survey Map in Map Book 27 Page 89 Income $3,100

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

14

PRICE/UNIT

$28,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

R-6

APN/PARCEL ID

15114742701,15114742702,15114742703,15114742704

ASK ABOUT THIS PROPERTY

Ed CarrCarr Real Estate Co.More Info
910-990-5466

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Ed CarrCarr Real Estate Co.More Info
910-990-5466

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.