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Updated over 8 years ago on . Most recent reply

User Stats

82
Posts
13
Votes
Michael McKenzie
  • Lender
  • Cary, NC
13
Votes |
82
Posts

Multi Unit Cash Flowing Property Wholesale Deal ready to Assign!

Michael McKenzie
  • Lender
  • Cary, NC
Posted

Cash Flow Opportunity!!

If you're in the market for a great investment property, take a look at this 6 bedroom, 3 bath duplex.

This property needs updating and will be ready to make you a nice financial return. It's located in

2607 Fayetteville St Durham, NC 27707, a desirable area and would rent for 3300/month. Hurry! Call 919-263-0897 today to learn more about this great money-making property!

Quick info

Great multifamily 1.0 miles away from North Carolina Central University!!! 

SqFt: 2927Lot Size :7,449.00  

This property has two floors with 6 bedrooms and 3 Bathrooms

Top Floor
~ 4 Bedrooms
~ 2 Bathrooms
~ Kitchen
~Living Room
~ Small Loft Area

Bottom Floor
~ 2 Bedrooms
~ 1 Bathroom

This property is a cash cow. Future Buyer could do student housing with the North Carolina Central University leasing out each room for 550 which can include cable for the property Example

550 Per Room x 6 = 3300
3300 - 1500 (Taxes & Cable) = 1800 Profit
1800 * 12= $21,600 Yearly Cash Flow

Your Buy Price: $148,500.00

ARV 165K
Open: House January 21st 1pm-3pm

EMD: $2,000.00 (excluded in purchase price prior to closing)
Buyer is responsible for own inspections and due diligence.

Pictures Below

This is the Bottom Unit Kitchen

  • Michael McKenzie
  • Offering

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