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544-546 Morgan Rd 2 Retail Properties Offered at $675,000 in Eden, NC
Investment Highlights
- Two mixed-use buildings offered as one investment
- 100% occupied with established commercial and residential tenants
- Recently executed commercial lease with annual rent increases
- Six total income-producing units: 2 commercial, 4 residential apartments
- Diverse tenant mix providing stable income
- Excellent value-add and long-term investment opportunity, with an attractive 9.4% cap rate
Executive Summary
A rare opportunity to purchase two adjacent mixed-use buildings featuring commercial storefronts and residential apartments. This property offers multiple income streams with long-term upside through lease escalations and continued residential demand.
This well-maintained mixed-use investment provides immediate cash flow from six occupied units while benefiting from contractual rent escalations in the commercial lease. The combination of commercial and residential tenants creates a diversified income stream that appeals to both private investors and 1031 exchange buyers seeking stable returns.
This well-maintained mixed-use investment provides immediate cash flow from six occupied units while benefiting from contractual rent escalations in the commercial lease. The combination of commercial and residential tenants creates a diversified income stream that appeals to both private investors and 1031 exchange buyers seeking stable returns.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $675,000 | Number of Properties | 2 |
| Price / SF | $102.44 / SF | Individually For Sale | 0 |
| Cap Rate | 9.39% | Total Building Size | 6,589 SF |
| Sale Type | Investment | Total Land Area | 0.26 AC |
| Status | Active |
| Price | $675,000 |
| Price / SF | $102.44 / SF |
| Cap Rate | 9.39% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,589 SF |
| Total Land Area | 0.26 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 544 Morgan Rd, Eden, NC 27288 | Retail | 3,600 SF | - | - |
| 546 Morgan Rd, Eden, NC 27288 | Retail | 2,989 SF | - | - |
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