This Multifamily Property is Off-Market.

1308 South Hayne Street
Monroe, NC 28112 ·

16 Units · Multifamily For Sale

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Cedarbend

Price N/A Cap Rate 9.70%
No. Units 16 Occupancy 100%
Building Size 15,500 SF No. Stories 2
Property Type Multifamily Year Built 2003
Property Sub-type Mid/High-Rise Lot Size 2.09 AC
Property Use Type Investment APN / Parcel ID 09-237-056
Commission Split 3% Parking Ratio 2 / 1,000 SF
Listing ID: 17035572 Date Created: 02/21/2011 Last Updated: 02/21/2011

Description

Modern 16 unit rental complex. Feature two 8 unit bldgs. Units are each 2 stories with 2BR and 1.5 bath. Excel. rental hist. with low vacancy & expenses. Small owner/ well maintained investmt. Rents @ $650 per unit. 14.25% ROI (call for details) 2 parking space per unit. Owner resp. for trash,lawn maint, water/sewer, common area electricity. Equipped with refrig. dishwasher & stove.

Directions: Hwy. 74 east from Charlotte to monroe. Take right at Skyway Drive, travel thru Monroe and road turns into S. Haynes Street. property on right side.

Research

1308 South Hayne Street, Monroe, NC 28112 (Union County)

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