1314 Franklin Ave - Dormitory FOR SALE


High Point, NC 27260
$275,000 USD
919-225-0660
1314 Franklin Ave, High Point, NC for Sale
$275,000 USD
Dormitory - FOR SALE
1/1
null | 18.1% Cap Rate

1314 Franklin Ave
High Point, NC 27260


HIGHLIGHTS

  • laundry on site
  • private parking in back of the home

OVERVIEW

This is a cash flowing rooming house with 6 active leases and one recently vacated room after 2 year leasing period. Untapped potential for this property and little needed repairs. Don't let this get away from you. No single family loans will be considered. Cash buyers and hard money lenders only. No creative financing. Leases made available after contract acceptance.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

1

PRICE/UNIT

$275,000

CAP RATE

18.1%

% LEASED

6%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

residential

APN/PARCEL ID

0174706

ASK ABOUT THIS PROPERTY

Carlos ParksVersatile Real Estate Group, LLCMore Info
919-225-0660

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Carlos ParksVersatile Real Estate Group, LLCMore Info
919-225-0660

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