1121 Polk Street

    Charlotte, NC 28206
    • $2,100,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: 3396110
    UPDATED: 82 min ago
    $2,100,000
    • 37
      BEDS
    • 0.22
      ACRES
    • 19
      BATHS
    • 2
      1/2 BATHS
    • 16,840
      SQFT
    • $125
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2000
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by Dpw Realty Group Inc. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.

    Description

    The price of this rental income portfolio has been revised to include 16 units consisting of single family homes and townhomes. This address is one being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy & high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 6%. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $161,2564 + 8% rent increases for 2018-2019. Qualified investors with cash or cash equivalent, 50%-60% leveraged transactions also welcome! Do not disturb residents. Contact the listing agent or Call your Real Estate Broker for additional information & brochure available with this listing.

    Monthly Payment Calculator



    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. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-11-14T12:59:20.357.

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    www.exitmountainrealty.com/homes/83965356

    1121 Polk Street Charlotte, NC 28206

    • Price: $2,100,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 3396110
    37
    Beds
    19
    Baths
    2
    ½ Baths
    0.22
    Acres
    16,840
    SQFT
    $125
    $/SQFT
    2000
    Built
    Neighborhood:
    Greenville
    County:
    Mecklenburg
    Area:
    Charlotte
    Elementary School:
    Byers
    Middle School:
    Walter G Byers
    High School:
    West Charlotte
    Property Description
    The price of this rental income portfolio has been revised to include 16 units consisting of single family homes and townhomes. This address is one being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy & high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 6%. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $161,2564 + 8% rent increases for 2018-2019. Qualified investors with cash or cash equivalent, 50%-60% leveraged transactions also welcome! Do not disturb residents. Contact the listing agent or Call your Real Estate Broker for additional information & brochure available with this listing.
    Exterior Features

    Construction Type Site Built Driveway AsphaltConcrete Exterior Construction Brick Veneer PartialVinylWood Exterior Features DeckPatio 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 Basement 0

    Property Features

    Agent Owner No Construction Status Complete Hoa Fee 78.00 Hoa Fee Paid Monthly Multifamily Type Other New Construction No Projected Units 16 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. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-11-14T12:59:20.357.

    Digital Millennium Copyright Act
     
    Exit Mountain Realty
    1301 Asheville Highway, Suite A
    Brevard NC, 28712
    Offered by Dpw Realty Group Inc. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.
    <-- Client Provided December 14 2016 -->