1121 Polk Street, Charlotte, NC 28206 (MLS # 3396110)

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PRICE $2,100,000
BEDS 37
BATHS 0 bath
HOME SIZE 16,840 sq ft
LOT SIZE 9,583 sqft

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.

TRACT Greenville YEAR BUILT 2000
COMMUNITY Greenville COUNTY Mecklenburg
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary SchoolByers
Jr. High SchoolWalter G Byers
High SchoolWest Charlotte


ADDITIONAL DETAILS
AIRCentral Air, Window Unit
AIR CONDITIONINGYes
APPLIANCESCable Prewire, CO Detector
BASEMENTBasement, Crawl Space, Slab, Yes
CONSTRUCTIONBrick Veneer Partial, Vinyl, Wood
EXTERIORDeck, Patio
GARAGEOn-Street Parking, Parking Space - 2
HEATElectric Baseboard, Gas Hot Air
HOA DUES78.00
INTERIORCable Available; Floors: Carpet, Vinyl/Linoleum, Wood
LOT9583 sq ft
LOT DESCRIPTIONLevel
STYLEOther
SUBDIVISIONGreenville
UTILITIESGas
WATERCity Water
ZONINGR1

SATELLITE VIEW



 
CONTACT US ABOUT 1121 POLK STREET
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Erica Simpson to contact you even if your name is on a Federal or State "Do not call List".

Listed with DPW Realty Group Inc

This IDX solution is (c) Diverse Solutions 2018.

Erica Homes, LLC

Phone

(P) 803-712-4194

(T) 704-209-SOLD

(F) 803-656-9899

Address

3031 Scotsman Rd. Columbia, SC 29223

(P) 866-746-1196 Toll Free

1171 Market St Suite 213 Fort Mill, SC 29708


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