1121 Polk Street

    Charlotte, NC 28206
    • $4,800,000
    • STATUS: Under Contract-No Show
    • ON SITE: 298 days
    • ID#: 3396110
    Pending
    UPDATED: 10 min ago
    $4,800,000
    • 98
      BEDS
    • 0.22
      ACRES
    • 44
      BATHS
    • 4
      1/2 BATHS
    • 1,436
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by Dpw Realty Group Inc. Copyright 2019 Carolina Multiple Listing Services. All rights reserved.

    Description

    This listing is updated to include 37 Rental Properties. Current monthly expected gross income $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details

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    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Exit Mountain Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2019 Carolina Multiple Listing Services, Inc. Data last updated 2019-03-20T10:59:53.613.

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    www.exitmountainrealty.com/homes/83965356

    1121 Polk Street Charlotte, NC 28206

    • Price: $4,800,000
    • Status: Under Contract-No Show
    • Updated: 10 min ago
    • ID#: 3396110
    98
    Beds
    44
    Baths
    4
    ½ Baths
    0.22
    Acres
    1,436
    SQFT
    $0
    $/SQFT
    1991
    Built
    Neighborhood:
    Greenville
    County:
    Mecklenburg
    Area:
    Charlotte
    Elementary School:
    Byers
    Middle School:
    Walter G Byers
    High School:
    West Charlotte
    Property Description
    This listing is updated to include 37 Rental Properties. Current monthly expected gross income $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details
    Exterior Features

    Construction Type Site Built Driveway AsphaltConcrete Exterior Construction Brick Veneer PartialVinylWood Exterior Features Deck Foundation BasementCrawl SpaceSlab Lot Description Level Parking On-Street ParkingParking Space - 2 Publicly Maintained Road 0 Style Other

    Interior Features

    Equipment Cable PrewireCo Detector Floor Coverings CarpetVinyl/LinoleumWood Heating Central AirElectric Baseboard HeatGas Hot AirWindow Unit Laundry Location Main Property Features Cable Available Sq Ft Additional 35768 Sq Ft Basement 0

    Property Features

    Agent Owner No Construction Status Complete Hoa Fee Paid Monthly Multifamily Type Other New Construction No Projected Units 37 Sewer City Sewer Special Conditions None Tenant Responsibilities All UtilitiesOther Water City Water Water Heater Gas Zoning R1



    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Exit Mountain Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2019 Carolina Multiple Listing Services, Inc. Data last updated 2019-03-20T10:59:53.613.

    Digital Millennium Copyright Act
     
    Exit Mountain Realty
    1301 Asheville Highway, Suite A
    Brevard NC, 28712
    Offered by Dpw Realty Group Inc. Copyright 2019 Carolina Multiple Listing Services. All rights reserved.
    <-- Client Provided December 14 2016 -->