1 Bed
1 Bath
488 SqFt
1 Bed
1 Bath
488 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 488 sqft
Price per Sqft $983
Subdivision Not In A Subdivision
MLS Listing ID 10145327
Style House
Bedrooms 1
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 488
Year Built 1950
Annual Tax Amount $708
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Single Family Residence
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
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.
Interior
Heating See Remarks
Cooling Window Unit(s)
Flooring Tile, Wood
Exterior
View Y/N Yes
Roof Type Shingle
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.
Foundation See Remarks
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 0091 06052
Special Listing Condition Standard
Nearby Locations
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