1314 FRANKLIN AVE
HIGH POINT, NC 27260

$275,000

0 Beds

0 Baths

0 Sq Ft

Status Active

MLS# 1108096

This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. 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! $5000 towards closing costs with full price cash offers.

Details for 1314 FRANKLIN AVE

Built in 1922

0 parking spaces

Central Air

Forced Air, Electric

378 Days on website

Interior

Appliances

Electric Water Heater

Fireplace Features

Flooring

Interior Features

Laundry Features

Living Area Range

0 - 0

Building And Construction

Accessibility Features

Door Features

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

Year Built

1922

Exterior And Lot

Exterior Features

Lot Features

Parking Features

Driveway, Enclosed, Gravel, Lighted

Pool Features

None

Waterfront Features

Zoning

RM-8

Utilities

Cooling

Central Air

Heating

Forced Air, Electric

Area And Schools

City

High Point

Community Features

County Or Parish

Guilford

Financial Info

Buyer Agency Compensation^*

3.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$599

Tax Year

2022