5-Unit Income Producing Portfolio

105 Roberson Ave, Williamston, NC 27892

$290,000 After Repair Value -
$75,000 Asking Price -
$100,000 Cost of Repairs =
$115,000 Potential Profit

Property Details

Asking Price $75,000

After Repair Value $290,000

Costs of Repairs $100,000

Potential Profit $115,000

Living Area N/A

Property Type Multiple / Combo

Bedrooms 4

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $31,620

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate 11%

Property Description

5-unit portfolio comprised of 1 single family home and 2 duplexes. Each of the 4 duplex units offers 2 bedrooms and 1 bathroom. One of the duplexes is occupied by a tenant in a month-to-month lease. Up and coming location offering an easy commute to Greenville. There are dozens of grocery stores and hundreds of restaurants and cafes nearby. Home values and rental rates are on the rise, trending up almost 15% year over year. The water heater and plumbing were repaired/upgraded in the last four years. The single family home requires renovation.

Repairs Needed

The duplexes are habitable but need updating. The single family home needs full rehab.

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