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225 Douglas St
Holly Springs, NC 27540
High Income Rental Property · Multifamily Property For Sale
·
3 Units
PROPERTY FACTS
| No. Units | 3 | Building Size | 8,308 SF |
| Property Type | Multifamily | Average Occupancy | 67% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2019 |
| Building Class | B | Parking Ratio | 0.96/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | R-15 Residential | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 8,308 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2019 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R-15 Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Bay Window
- Ceiling Fans
- Tile Floors
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Sunroom
- Walk-In Closets
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Family Room
- Handrails
- Lawn
- Office
- Pantry
- Patio
- Porch
- Recreation Room
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Private Bathroom
ABOUT 225 DOUGLAS ST , HOLLY SPRINGS, NC 27540
ATTENTION INVESTORS! Rare opportunity to own rental property in one of the fastest growing towns in the country. Not one, but three huge rentals connected like Townhomes but with one major difference - NO HOA dues! These rentals have been remodeled from top to bottom... we did all the hard work so you can sit back and collect your rent. The average home costs in Holly Springs are over $150sf and rising. At almost 7300 square feet, this 12 bedroom, 10 bath property will go fast at only $103sf. Why pay 1/4 million dollars more for 2 to 3 bedroom units with HOA dues when you can generate the same or higher income with 3, 4, and 5 bedroom units and no dues to pay? This is truly a unique investment opportunity! At 3200 sf, Unit A is is largest of the 3 units with 5 bedrooms and three full bathrooms (1 bedroom down and 1 full bath down). Unit B is 2300sf, has 4 bedrooms (2 masters, one up and one down) with three full baths and one half bath. Unit C is 1800 sf, has 3 bedrooms with two full baths up and one half bath down. You can see from the photos, there is no carpet to clean or change out each year. You'll never see an opportunity like this again at this price. New development going in across the street will only drive prices up. Expect to make between $5000 and $6000 a month in rental income from these 3 properties. Or try your hand at renting one as an Airbnb property. Imagine moving in to one of the units while renting out the other three and live mortgage free with rental income to spare. So many possibilities! These homes are maintenance free with 95% new EVERYTHING. New roof to new floors and everything in between. You name it, and it's probably brand new. That means you just have to relax and enjoy the stream of rental income. Ready to quit your job and become a landlord full time? This property is a great place to start. For a private showing or any questions, please contact me asap as this property will go quick. Serious inquiries only please. Thank you!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3 | 1 | $2,050 | 3,150 - 3,200 |
| 4+4 | 2 | $1,850 | 2,300 - 2,350 |
| 3+2 | 3 | $1,400 | 1,750 - 1,800 |
