3,049 Sqft Lot
3,049 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10145319
HOA Y/N No
Annual Tax Amount $18
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Unimproved Land
Source Triangle MLS
Property Description
7 single-family rental homes + 1 vacant lot located on Marshall Street:
621, 623 (lot), 631, 646, 647, 648, 650, 651
Full portfolio price: $480,000
Current gross rental income: $4,515/month
Gross Cap Rate: ~11.3%
Each home features a 1 bed / 1 bath layout with low-maintenance floor plans. Most tenants are long-term and willing to stay, providing immediate, stable cash flow.
Opportunity to increase rents through light updates over time. Ideal for investors seeking consistent income and portfolio growth in an established rental market.
Package can be divided.
Location
State NC
County Vance
Zoning See Notes
Direction Take I-85 to Exit 39 (W. Andrews Ave). Turn right and proceed for approximately one mile. Turn right onto N. William St., continue for 0.5 miles, then turn left onto Arch Stand. Travel another 0.5 miles and turn left onto Marshall St.
Exterior
Utilities Available Other
View Y/N Yes
Street Surface Paved
Private Pool No
Building
Faces Take I-85 to Exit 39 (W. Andrews Ave). Turn right and proceed for approximately one mile. Turn right onto N. William St., continue for 0.5 miles, then turn left onto Arch Stand. Travel another 0.5 miles and turn left onto Marshall St.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Vance - Yancey
Middle Schools Vance - Vance County
High Schools Vance - Vance County
Others
Senior Community No
Tax ID 0091 01010
Special Listing Condition Standard
Nearby Locations
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