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$235,000
21 Days Online

1314 Franklin Avenue
High Point, NC 27260

For Sale|Multi-Family|Active
County:
Guilford
Listing courtesy of Carlos Parks of Versatile Real Estate Group 919-225-0660

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

1314 Franklin Avenue1314 Franklin Avenue1314 Franklin Avenue1314 Franklin Avenue
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This is an investors dream! Cash flowing right now! 7 units renting for $500 per unit. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on!

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Listing Snapshot
Price 
$235,000
Days Online 
21 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1922
MLS® Number 
1108096
Status 
Active
Property Tax 
$599
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen online
General Features
Parking 
DrivewayEnclosedGravelLighted
Sewer 
Public Sewer
Water 
Public
Zoning 
RM-8
Interior Features
Cooling 
Central Air
Heating 
Forced AirElectric
Appliances 
Electric Water Heater
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Exterior Features
Pool Features 
None
Listing courtesy of Carlos Parks of Versatile Real Estate Group 919-225-0660



Listing information is provided by Participants of the Triad MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Triad MLS.
Data last updated at: 2024-05-16 09:35 PM UTC

Neighborhood & Commute
Source: Walkscore
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